Post
Topic
Board Economics
Re: How could wages in Bitcoin work?
by
dree12
on 10/02/2013, 21:14:55 UTC
In our current inflationary system, the bulk of the power is granted to the business owners. Owners are free to bully their employees, refuse to give wage increases, and attack unions.

With a deflationary system, the power is reversed. The employees can choose to decline wage decreases if they do not consider them fair—leaving the owners to negotiate properly with the unions.

Paying wages in a deflationary system is more fair, not less so.