I donât think thatâs necessarily true. Bitcoin is only âdeflationaryâ because the total value of âThe Economyâ tends to increase while the monetary supply is fixed.
That means the average skill set, and therefore value, of each employee also increases at the same rate of The Economy. It follows then, the standard would be that everybody keeps their same salary because their value has likewise increased at the same rate.
Of course, some employees may become even more valuable (at a rate above The Economy) and should ask for a raise. And some people may not increase in value quite as fast, or not at all, or maybe become less valuable. And they may have to deal with a pay cut or, at worst, layoffs.
So, in the future, earning bitcoin will take, on average, the same amount of any given employeeâs effort as they did before, but they will be more productive and generate more value for their employer and the world.
This is the way an economy SHOULD work.
In a world with X% global output increase (with X increasing due to robots), future employment contracts mĂșst have a decreasing salary scale: 1000 Sats this year, 1000 minus X% in year 2 etc. Businesses mĂșst lower prices to keep customers and/or move robot produced inventory.
The highly skilled keep their salary on the same level, 1000 Sats, and get ahead, bigger house, fancier car. Low producers get bigger cuts. But if houses, vacations and food get X% cheaper, no one is left behind. Smaller car, smaller house, but you know it fits your capabilities. Employees can now truly find their purpose in life. Greed makes way to investigate the true human experience and incredible art.
Bitcoin hodlers get richer and richer, but that doesn't bother anybody, because employment brings fulfilment from working on worthwhile issues that require less and less BTC, contrary to frustration from b.s. jobs in current fiat system keeping (especially young) people busy (doing KYC) until they can be poisoned and discarded. The great poisoning, started in the '80s, will reverse. Unlike the mega rich of today, hodlers won't feel the need for manipulative social engineering and depopulation to protect their long term position.
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