I am merely describing how I think the economy is running. Not how it should be running. In fact I agree with you that it is not healthy at all.
Japan used to run the other way around, where the salary was solely a function of age (or rather, how long a worker had been working in a company, but that was essentially the same). I don't think it makes for a healthy economy either. But I'm also not entirely convinced it's that much worse than the "free market" you have in the US.
I don't have any form of competence in terms of economy, but sometimes it feels like the economy we are living in right now is optimizing for the wrong things. It is becoming more and more efficient, more and more optimized, but not at all for the common good. Maybe for quarterly results?
Japan used to run the other way around, where the salary was solely a function of age (or rather, how long a worker had been working in a company, but that was essentially the same). I don't think it makes for a healthy economy either. But I'm also not entirely convinced it's that much worse than the "free market" you have in the US.
I don't have any form of competence in terms of economy, but sometimes it feels like the economy we are living in right now is optimizing for the wrong things. It is becoming more and more efficient, more and more optimized, but not at all for the common good. Maybe for quarterly results?