We support ever more people not working. That means workers have to work harder for a smaller share. So workers suffer long term stress. So more of them drop out of work and the problem gets worse...
- If less people are required to do the same amount of work, it means you're automating sucessfully, and that you should tax automation to compensate. Having an automated robot/script working 24/7 shouldn't relieve the company from its inherent social responsibilities.
- If the above is not happening, the people in charge are failing their job or acting in bad faith, and should be replaced and held responsible in either case.
50 years of rising income taxes, higher student fees, reduced job security, union decline, reduced services for working people etc etc etc are the other side of the coin to rising asset prices and ever higher subsidies for land owners.
what if the "whole" is not const? Does it necessarily mean that the share is smaller? I'm not convinced
Kaynes thought we'd keep all three workers for 4h a day and pay them more for the privilege of working part time. But that isn't how markets work. And that's the problem we now face.