“If the increasing wage gap between high and low earners directly or indirectly affects men’s aggregate labor supply, wage inequality might have carried wider implications to the economy than previously believed,” Wu wrote.

https://fortune.com/2022/12/07/men-dropping-out-work-force-status-study/

  • Bloobish [comrade/them]
    ·
    2 years ago

    I think that's the key implication, especially as boomers fully retire and the consumption decreases to a unsustainable (lmao, it was always unsustainable) level. We are reaching levels of contradiction within capital that Marx called out a century ago (overproduction, insufficient consumption, and rising wage inequality).