Fixed Pie Fallacy Explained
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Fixed Pie Fallacy Explained
Have you ever heard someone accuse rich people of "hoarding all the wealth"? If that doesn't quite sound right to you, there's a reason. It's impossible to hoard wealth, because wealth isn't a "fixed pie". Wealth is created. Watch the full episode here: https://youtu.be/rixbHbaWBuk?si=AkywhfcqF8vah7RI
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Lump of Labour Fallacy Explained
There’s a common myth called the Lump of Labor Fallacy. It’s the idea that there’s only a fixed number of jobs to go around, and if older adults keep working, they’re taking opportunities away from younger generations. The truth is very different. Work and the economy don’t operate like a pie with a limited number of slices. In reality, when older adults remain in the workforce, they create more value, more demand, and often new opportunities that wouldn’t exist otherwise. The belief that older
There’s a common myth called the Lump of Labor Fallacy. It’s the idea that there’s only a fixed number of jobs to go around, and if older adults keep working, they’re taking opportunities away from younger generations. The truth is very different. Work and the economy don’t operate like a pie with a limited number of slices. In reality, when older adults remain in the workforce, they create more value, more demand, and often new opportunities that wouldn’t exist otherwise. The belief that older
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