Today, people work the same 40-hour workweek as they did in 1970, and the average worker’s productivity has soared, suggesting they should be better off than before.
However, quality of life has plummeted as the purchasing power of the dollar falls. https://video.nostr.build/b33fa71962493f1096125dcd00c585aa6b6c9d2b218a04d1c6aa1fea8ae0dd49.mp4
The M2 money supply went from:
1970: ~545B
2023: ~21.1T
Increase: 39X
And most employers up where I live are enforcing 10 hour workdays. That two hours is when I used to go to the gym and get a little personal development time every day. It’s a huge difference.
Not having a single hour for yourself each day is a soul crusher.
Not only has the dollar lost purchasing power, the wage earner also received a smaller portion of the pie. Exec and shareholder portions have grown, too.
