this post was submitted on 12 Jun 2026
162 points (97.1% liked)
Technology
85420 readers
3712 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.