> The same reason people already making 70K working a certain number of hours with a certain degree of effort expend additional effort to make more if they can do so: because wants are unlimited.
Wants are theoretically unlimited, however in practice people have a few set of wants they need to have fulfilled to be "content." See: new video games, new computer specs, new car, etc.
You don't have a majority of spendthrifts among the labor-producing class.
Wants are theoretically unlimited, however in practice people have a few set of wants they need to have fulfilled to be "content." See: new video games, new computer specs, new car, etc.
You don't have a majority of spendthrifts among the labor-producing class.