With that line of thinking, no one would get a raise or improved quality of life.
Like what was already said, life would be a lot more boring. But at least we'd be free of the hamster wheel.
And yeah, no, you wouldn't get a raise, because there'd be no money. You can't get a raise if you can't make a profit, very correct.
Look, imagine these initial conditions: start with 100 people in a moneyless society. Give each person 100 coins. Now ask everyone to make a profit.
That means creating money out of thin air.
The system is b-r-o-k-e-n.