this post was submitted on 12 Jun 2026
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No, he said two-earner households, will become one-earner households, he didn't mention* anyone will become rich**, just that one person from the household will become unemployed.
(* at least he didn't mention it in the cited fragment. I didn't read the entire thing, my time is too precious, I must waste it on writing comments instead of reading sources.) (** Of course he will become richer, but that's the obvious part of the idea and doesn't need to be mentioned)
upvote for honesty :)
How exactly will two earner households become one earner households without one of the earners making double the money?
Lol... By the magic of being poor
By becoming even poorer.
The theory here is that if everyone is twice as productive, everything costs half as much in relation to what people earn.
Of course that doesn't work unless there's heavy competition in the market for everything.
Yes that doesn't happen when monopolies dominate the economy as they do in the USA. Then the monopolies just take higher margins.