The lump of labor fallacy—the misconception that a fixed number of work hours exist and older workers taking those hours prevents younger workers from working—is wrong because market economies create demand and labor demand is not zero-sum.
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Speaker
Nicholas AbadEvidence Quote
“the lump of Labor fallacy it's as if the good Lord uh went around...sprinkling a certain limited number of work hours...if the greedy old 70 year olds are at work taking up these hours...the essence of a market economy is that you create more things through demand...it's not a zero sum game”
Created: 8/12/2026, 6:31:29 PM
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