If you want to get that salary raise, at some point it has to be backed by somebody actually buying something.
If everybody becomes super frugal then the economy shrinks and unemployment gets worse. I guess this is because we're at a point where we don't need anything close to 100% employment to cover everybody's 'basic' needs.
If you want to get that salary raise, at some point it has to be backed by somebody actually buying something.
If everybody becomes super frugal then the economy shrinks and unemployment gets worse. I guess this is because we're at a point where we don't need anything close to 100% employment to cover everybody's 'basic' needs.