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The Cerebrum on Instagram: "Lump of labour fallacy: 🔥Also Known As: Lump of jobs fallacy, fallacy of labour scarcity, fixed pie fallacy, zero-sum fallacy. 🔥Simple Meaning: Economies are not “fixed pies”—more work can be created, and productivity and growth can generate additional jobs. 🔥Origin: Named in economic discussions to rebut the idea, proposed by David Frederick Schloss in 1891, that reducing working hours or adding workers would automatically reduce unemployment. 🔥Basic Form: Assump
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EXACTLY! Just Because Someone Gets Rich, It Doesn't Mean Someone Gets Poor! Charlie Kirk Debunks The Idea That There Is Only So Much Wealth To Be Shared #BigGovSucks | Turning Point USA
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There’s a common myth called the Lump of Labor Fallacy. It’s the idea that there’s only a fixed number of jobs to go around, and if older adults keep working, they’re taking opportunities away from younger generations. The truth is very different. Work and the economy don’t operate like a pie with a limited number of slices. In reality, when older adults remain in the workforce, they create more value, more demand, and often new opportunities that wouldn’t exist otherwise. The belief that older
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