> someone who only produces $7 of value is no longer employable
This is the wrong model. You're using a worker's wage to describe their productivity, and a big reason for the mess we're in is that wages stopped increasing with productivity fifty years ago. (search "wages productivity graph")
This is the wrong model. You're using a worker's wage to describe their productivity, and a big reason for the mess we're in is that wages stopped increasing with productivity fifty years ago. (search "wages productivity graph")