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Wages are dead, equity is the only solution.
Especially if we’re eventually going to have an appreciating currency.
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Indeed, this may well have been one of the NatSec (social stability) considerations for Bitcoin, make the currency itself an equity.
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#1413701
No signs of a bottom either as automation is only increasing, this makes each employee more productive but also more commoditized.
The UBI bleeting we've heard for decades by the left isn't a leftist thing anymore, Elon talks about something adjacent now... "Trump accounts" are a response for the need for people to have equity because wages do not scale.
Back when the private sector abandoned pension plans for 401ks, the government did not, now its the government financially trapped by not equitizing its labor force.
Wages are dead, equity is the only solution.