> and increasing time available for economic consumption?
Where is that additional money going to come from? I think you’re missing some important factors in your analysis.
1. Not everyone is spending all their "spending money" every month, and 2. more free time allows people to get more value for their money (e.g. by comparing more alternative options).
1. Not everyone is spending all their "spending money" every month, and 2. more free time allows people to get more value for their money (e.g. by comparing more alternative options).