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?
WhisperWind /
npub1fe…ju6pc
2023-05-21 16:53:40
Author Public Key
npub1fesxgp0pzelg7wpz98hyzratk3ez5amm6u4r0urv4gfuqj29ml3swju6pcPublished at
2023-05-21 16:53:40Event JSON
{
"id": "44cef584209902e0de4e12c485ea64ed4ea373e31c92edc21f45412bff7185df",
"pubkey": "4e606405e1167e8f382229ee410fabb4722a777bd72a37f06caa13c04945dfe3",
"created_at": 1684688020,
"kind": 1,
"tags": [],
"content": "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. \n\nBut the workers are not okay with lower wages. \n\nSo 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?\n\nWouldn’t the workers need to work less and less to finance their lifestyle?",
"sig": "6540c31e16e694060d9c17bc2b8ac61c1197b68221ca6cc24477255cccba550770072c2a4e97e9db8053a7a5928fbe9b0dc9d4a9f1b5019ffeb83500a5fae98c"
}