What most of these doomsday scenarios have gotten wrong is the fundamental idea of economics: people respond to incentives. If the price of a good goes up, people demand less of it, the companies that...
Supply the needs first and the wants later, for one can only obtain true peace, love and joy when one supplies the needs first and not the wants.
Most startups actually start down and only go up if they catch the winds of market demand.
An angry artist tells people what (he thinks) they need to hear. A hungry artist tells people what (he thinks) they want to hear.
An artist that makes art merely to meet a demand is a slave to what his patrons wants to see, or, hear.
In my considered opinion, salary is payment for goods delivered and it must conform to the law of supply and demand. If, therefore, the fixed salary is a violation of this law - as, for instance, when...