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frelkins,
Since carry-ons are fewer and lighter (to lug around) than checked baggage, and it takes quite a lot of time to retrieve your checked baggage, there is actually tremendous incentive for people to take only carry-ons with them (especially for short trips). Plus, there is no risk of lost baggage in such cases.
I would rather spend 5-7 minutes waiting on my seat in the plane or standing in the aisle (I don't get out in the aisle unless I am sitting on the aisle/middle seat, and even then I ask the passengers in my row if there really would rather stan...
Or maybe we should just try something simpler: pass a law making it illegal for stock prices to go down.
Already been tried. In Pakistan. [Link]