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0 pointsafricanboy5y ago0 comments

> In a non-inflationary monetary system cost of goods decreases every year

and so do salaries, they are a cost to someone ...

as long as your purchasing power stays the same salaries will go down as well.

it's simply natural.

you can't really believe that billions of people will get rich by sitting on the salary of a single year

BTW that liter of milk will generate 3% more profit to the seller. there is no incentive to lower the prices if hoarding is so rewarding

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ballofrubber5y ago

Salaries are negotiable and the renegotiation lever is skewed towards the employee. e.g. "i accept the pay cut of 3%, but will need 2 days of vaction more" vs "please employer pay me 3% more to combat inflation"

You won't get more rich by sitting on your salary, but you will also not get more poor like you do today.

If the milk seller doesn't lower his prices a competitor will do that, as he is able to do that with the bigger margin the better productivity brought.

africanboyOP5y ago

Here in Italy I already have 28 days of paid vacation and can't be fired without motive and a judge can reinstate the worker if the motive was not valid

That's a political issue, it has nothing to do with how currencies work

If the milk seller is going to lower the prices to beat competitors, workers will compete on salaries as well

nothing different from what we have now, the only difference is that rich people could amass fortunes much more easily than today

they'll just need to keep their money in the bank (i.e. their gold reserve will keep appreciating by the virtue of existing)

ballofrubber5y ago

That's great for you, honestly!

Rich get richer today by being closer to the money source. In the "bitcoin standard" non-rich people can even keep their money in the bank and don't lose purchasing power by not risking it.

Rich and non-rich will always want to take risk to increase their net worth, however the assets must perform much better to outperform the money. Unlike today where almost all investments appreciate when measured in fiat.

edit:

> That's a political issue, it has nothing to do with how currencies work

Would you agree that it would be a good thing if the base monetary layer would enable that? I only see that happening with a monetary policy that respects savings and is not alterable by a few elected and unelected officials

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0 pointsafricanboy5y ago0 comments

> In a non-inflationary monetary system cost of goods decreases every year

and so do salaries, they are a cost to someone ...

as long as your purchasing power stays the same salaries will go down as well.

it's simply natural.

you can't really believe that billions of people will get rich by sitting on the salary of a single year

BTW that liter of milk will generate 3% more profit to the seller. there is no incentive to lower the prices if hoarding is so rewarding

0 comments

ballofrubber5y ago

You won't get more rich by sitting on your salary, but you will also not get more poor like you do today.

If the milk seller doesn't lower his prices a competitor will do that, as he is able to do that with the bigger margin the better productivity brought.

africanboyOP5y ago

Here in Italy I already have 28 days of paid vacation and can't be fired without motive and a judge can reinstate the worker if the motive was not valid

That's a political issue, it has nothing to do with how currencies work

If the milk seller is going to lower the prices to beat competitors, workers will compete on salaries as well

nothing different from what we have now, the only difference is that rich people could amass fortunes much more easily than today

they'll just need to keep their money in the bank (i.e. their gold reserve will keep appreciating by the virtue of existing)

ballofrubber5y ago

That's great for you, honestly!

Rich get richer today by being closer to the money source. In the "bitcoin standard" non-rich people can even keep their money in the bank and don't lose purchasing power by not risking it.

edit:

> That's a political issue, it has nothing to do with how currencies work

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