Incorrect. With global demand dropping sharply, there's actually not enough work to do. We cranked up the credit machine the past few years to make sure there were enough work to do.
Again, too much supply, not enough demand.
Again, too much supply, not enough demand.
> Again, too much supply, not enough demand.
And adjusting prices is the orthodox mechanism to match supply and demand.
Anyway, in a physical sense there is enough work to do. We haven't reached Mars, yet. Diseases afflict the world's population. And where is my yacht?