Secular deflation has already been the crowning thesis of techno-optimism for a decade now. AI and robots will make stuff much cheaper. You won't need to work. The entire economy will become leisure. What jobs will the kids do? Well there are very low birth rates everywhere. The kids will inherit incredible abundance and spacious conditions. The gen alpha / gen Z trend of looksmaxxing instead of hyper-gambling is a foreshadowing of this trend. No, the kids are not going to hyper-gamble their way to more money. They are going to get fit and looksmaxx and tangping while waiting for their parents or govt to give them money. True unemployment and underemployment rates for under 25yo are probably north of 30%. This is already the status quo in advanced Asian economies like Taiwan. Equities and land at ATHs, while incomes are at $1k usd/month. A senior TSMC engineer makes less than a Cupertino Apple first-year. The youth are looksmaxxing and save 0% while living with their parents. All earned income is spent on fashion, cosmetic surgery, and vacations. Parents are happy that the kids are dependent and present. Marriages will be mostly arranged and come with free condos paid for by both sets of parents. Welcome to Confucian utopia.(Zhu Su)