This itself is a fallacy derived from the Keynesian crowd. There isn't unlimited demand for labor and never was. In the real world at microeconomic and local levels, labor demand is absolutely limited to discrete job posting and people who are already employed. This number is ultimately countable and finite. There are not infinite jobs available.
Correct. But we're nowhere close to it. To the extent labor is a limiting factor on growth, it's in its lack of adequate supply.
> In the real world at microeconomic and local levels, labor demand is absolutely limited to discrete job posting and people who are already employed
You're describing edge cases, e.g. mining towns and war zones. In enterprises, it's an open secret that most jobs aren't filled by asking for applications. In small businesses, it's quite common for someone to pitch a service or a role. (A lot of "small business" is indistinguishable from freelancing/contracting. For example, the person who told me at a bar that he does yard work, and whom I wound up hiring.)
If what you say was even remotely true, wages would increase automatically because there would be superior demand to offer. Yet this does not happen.
In the end business output is constrained by demand and unlimited growth is a big fat lie. There are only so many goods/services that can be sold to people.
At some point you run into a situation where everyone has more stuff than they know what to do with (especially true if it is working people, because they are time constrained) and there are more services on offer that they are needs for, regardless of price/affordability.
If you do a thought experiment and give everyone infinite money you will realize that you will be constrained by real world considerations, just like the housing market is constrained by location...
Ah, no. There are absurd numbers of job reqs that don't provide livable wages, lowball workers compared to industry brackets, or require skillsets that are niche or unrealistic.
> absurd numbers of job reqs that don't provide livable wages, lowball workers compared to industry brackets, or require skillsets that are niche or unrealistic
Sure? How does that even remotely advance your argument?
I've seen people asking hundreds of dollars for a specialty pineapple, that doesn't mean we're running out of pineapples.
