Comment Re:Yes yes yes (Score 4, Interesting) 405
People work more because they want more, they see that shiny new Iphone as a necessity rather than a privilege.
You really believe everyone secretly covets an iPhone?
I saw a 12 year old kid playing with his iPhone. You think he had to go to work to get it?
You didn't address the most important point I made: Why should everyone be expected to work? By making the "labor participation rate" an important indicator, that's what we're saying. What we're told we should have is 100% employment. Unfortunately, three year-olds aren't really good for a whole lot of productivity.
So I'll repeat myself, just for you: What happens when all the goods and services we want no longer require 70% of the population to work? Or 50%? Or 30%? What happens to the rest? Either we figure out as a society how those people are going to live or... I don't want to think about the alternative.