Will the economy collapse if everyone became frugal. Today’s needull looks at this scenario.
If there is less stuff that needs to be produced, then people don’t have to work as many hours to create it. That’s perfect, because many people will be dropping out of the workforce much earlier as they finish earning the money they need to get going on their their early retirement. The shortage of available work will be balanced by the reduced number of people willing to do that work.