Anymore than the higher prices and higher salaries? Technology (tool making) is natural process to get more for less. Money printing is the elite’s way to counteract the government’s attempt to redistribute the unequal gains from what technology produces. Government can’t let a few salaries rise “at the expense” of less efficient producers, so they tax and redistribute as much as possible, and inflate the rest, which protects the elites wealth. It takes some serious brainwashing to make people believe that lower prices (even for labor) are a bad thing. There should be just as much of a desire to a have higher purchasing power as a higher salary.

so in a bitcoin standard prices would fall on average, but it wouldn't be linear, right? like if some economy sector is experimenting productivity growth then prices would fall for those products, but they would stay the same on other sectors, all else equal

1. it’s not hard for them, it just means the corporation isn’t subsidized by the default cuts of their laborers. And if the burden should be on anyone is absolutely should be on the corporation. Workers shouldn’t get pay cuts by default. 2. Salaries don’t fall, they grow in *value* when they stay the same. And they only grow in proportion to productivity. Meaning they grow in value in direct proportion to the value they produce, and thus which is affordable. example, if workers are paid X, and they can produce 10 TVs per week. Then they get new machines, better techniques, etc. now they can produce 20 TVs per week. TVs have now likely cut prices by 50%, but the salary of the workers is still the equilibrium rate, because costs have also gone down the same amount, and the amount the workers produce has doubled. 3. If this was truly a problem then the tech sector would be devastated and tech workers would get paid terribly. Seeing as the cost per unit of compute plummets every year and the output of software systems grows exponentially. Yet it doesn’t happen. Why? Because this notion is a fairy tale that misunderstands why prices fall in the first place. This simply doesn’t happen and has nothing to do with why money grows in value when it has a scarce and incorruptible supply

I was typing a response but I realized your story makes sense, thanks