Every decade, technology makes us dramatically more productive. Every decade, GDP growth slows. These two facts should not coexist — and understanding why they do reveals the defining economic tension of our era.
Think about this. Are there infinite companies to switch to? When you switch, someone still has to work the job you did. If everyone is trying to switch to companies that pay them adequately, how long until those positions run out? Be realistic. You can’t just say ‘go somewhere better’ because there simply isn’t the opportunity for everyone to do that. Better positions run out. Most people are stuck working jobs that pay them less than is required to live a half decent life, not because of their own fault, but because there isn’t opportunities for everyone. Why is that? Take a dip into reality and abandon the meme quotes for a second.
I simply get “raises” by switching companies to the highest bidder
Think about this. Are there infinite companies to switch to? When you switch, someone still has to work the job you did. If everyone is trying to switch to companies that pay them adequately, how long until those positions run out? Be realistic. You can’t just say ‘go somewhere better’ because there simply isn’t the opportunity for everyone to do that. Better positions run out. Most people are stuck working jobs that pay them less than is required to live a half decent life, not because of their own fault, but because there isn’t opportunities for everyone. Why is that? Take a dip into reality and abandon the meme quotes for a second.