Why would working 8 hours earn you less next year? Are you assuming wages remain constant? They're supposed to grow at a greater rate than inflation.
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Right. And also: being paid more isn't really that much of an equivalence to inflation since, overall, you aren't printing more money, you are just shifting it
You reversed what I said. I said if real wages are growing strongly, it is better to work next year than to work today.
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Ahh, OK. The problem is you are treating income like wealth/capital. Deflation is bad because you can just wait and the money you already have will buy you more. That's not the case if it is wages that grow faster than inflation.
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Why not?
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Well, because it just isn't the case? Wealth ≠ wages, and while you can convert, the conversion is lossy (so for example we pay interest on loans). If I just wait (and do nothing), it will be more expensive next year, and my wealth hasn't increased.
End of conversation
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If you can afford to do so, then yes that is an option. But can people really, you know, do that? Because I doubt that. Many people, especially in the younger generations have to deal with having massive debt, and if not that, very little in savings
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