Disconnect Between Production and Pay in the Modern Economy

Since 2008, there has been a disconnect between the world of money and production. Big tech platforms like Amazon and Google are exploiting people to produce without fair compensation, leading to a significant amount of unpaid or underpaid work. Individuals contribute to capital stock by uploading content on platforms like Facebook without monetary reward, while workers in Amazon warehouses are precariously employed at low wages with no job security or benefits. This growing gap between production and purchasing power in society can only be addressed by the state through central banks producing more money.