121 karma · joined March 8, 2026
yeah, touch grass buddy.
absolutely true. I am not convinced that consumption can be wholly fueled by asset owners though.
I would contend that the accountant should not - it should flow to who bore the cost of the input (capital owners). however, if you starve labor of those gains, it destroys the consumer base that capital relies on to buy its goods and services. therefore, society requires broad wealth distribution to function, which implies some level of redistribution by the state is needed.
household expenses have been increasing without commensurate wage growth, resulting in lower savings: https://fred.stlouisfed.org/series/PSAVERT
not true, labor productivity has been steadily increasing: https://fred.stlouisfed.org/series/OPHNFB
workers are simply capturing less of the economic value generated by their labor.
however, unit labor costs has also been increasing (although they remain variable): https://www.bls.gov/opub/ted/2026/productivity-up-0-3-percen...
https://www.choiceofgames.com/make-your-own-games/choicescri...
how do you figure?
It will certainly be a cutthroat landscape for engineers, but companies will be building _more_ capacity, not less. In other words, the demand won't disappear for skilled technical labor, it will just move higher up the value chain.