WhisperWind on Nostr: One idea I have: during a price deflation (what we will probably have in a Bitcoin ...
One idea I have: during a price deflation (what we will probably have in a Bitcoin Standard), for a company all prices of their input would go down and they can produce their output more cheaply.
But the workers are not okay with lower wages.
So wouldn’t it happen that all prices go down but the workers would still get the same amount of sats for their work? Wouldn’t real wages go up?
Wouldn’t the workers need to work less and less to finance their lifestyle?
But the workers are not okay with lower wages.
So wouldn’t it happen that all prices go down but the workers would still get the same amount of sats for their work? Wouldn’t real wages go up?
Wouldn’t the workers need to work less and less to finance their lifestyle?