It honestly is a waste for a true capitalist. Like, if you have enough money to cover all your expenses, while also having 2-3x your fun money expense, why aren’t you following the capitalist ideal and doing something with it?
Start a nonprofit that suits your interests, buy a company you believe it, spin up scholarships, blow it on a do nothing project, but for fucks sake do something with it!
Yeah, but it’s cyclical. You need people to buy product, but people need money to buy product. Yeah, the ultra wealthy will have money, but you can get more money from 10 million people buying something for $10 than from 10 people buying something for $100,000.
If you get rid of the jobs then people don’t have money so who will buy [PRODUCT]?
You could have 10 trillion people on the earth, but if you only have 3 billion jobs the issue isn’t population. You could argue that 3 billion jobs support up to 15 billion people, but the issue still isn’t the population at that point, it’s the number of jobs.
Is it even a crisis for capitalism? Modern day capitalism seeks to eliminate workers, the ideal for the capitalist is to make a factory full of robots with like 10 employees that manage and service them. As factory work dies the population stabilizes (it doesn’t shrink, it just stops going up year over year) and the remaining population performs service jobs that can’t be performed by AI/Robots or a select bit of high paying factory jobs where robots cannot yet perform the factory task.
In an even more dystopian outlook the capitalists don’t even want people for service, they likely would want robot and AI service (waiters, barbers, etc) in the long game to eliminate the need for serfs.
At the end of the day the cry about population collapse and declining birthrates only makes sense when you add a desired ethnicity before the term. Example [White] birth rates or [White] population collapse. Elon Musk isn’t worried about the birth rate of Japanese or South Koreans. This whole thing is about racist views on world ethnicity.
In my own statement, when I said that 3 billion jobs could maybe support 15 billion people, I said that from the capitalist mindset. What I meant when I said that was that one high income person could have up to 4 other people that actively has access to their income to utilize. This could be one person with a spouse and 3 kids or it could be a person with 2 sets of grandparents and great grand parents. As an example this would scale with number of persons with income. IE you could have a couple with 3 kids or 1 adult and 4 grand parents. The specifics don’t need to be specific, I was just trying to provide an extreme example of how far one income could go for the total world capitalist expenditure.
EDIT: To make it abundantly clear, my example was to express the extreme bounds of people with access to an income. That might be a kid on the Jersey shore with a credit card or a grand parent whom the income bringer is taking care of. Either way, there is a limited number of people that one income is actively taking care of and have access to that income. My original example was 3 billion persons with income and 15 billion persons spending the money. I think most adults can find 4 other people who spend money on their behalf by the age of 40.