Deflation is actually pretty awful for everyone, it creates a negative feedback loop that results in widespread job losses. The Great Depression was largely driven by a deflationary spiral.
Robots/automatisation will also bring job losses in the future. And losing a job is not a bad thing, when you do still have the ability to live without it.
I think the real issue at hand is that people can’t afford food without a job, and some have a hard time affording food even with a job.
Deflation is actually pretty awful for everyone, it creates a negative feedback loop that results in widespread job losses. The Great Depression was largely driven by a deflationary spiral.
Robots/automatisation will also bring job losses in the future. And losing a job is not a bad thing, when you do still have the ability to live without it.
I think the real issue at hand is that people can’t afford food without a job, and some have a hard time affording food even with a job.