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by kazinator 1358 days ago
> If garbage is flooding the market, it forces employers to pay higher wages for a chance to actually get something good.

I don't think garbage in any market drives up the prices for anything.

Those looking for something good just waste more time looking, and some of them give up and settle for garbage.

Exclusivity drives up prices. If you're the sole supplier of something badly needed, you can charge a lot for it. If a second supplier shows up, but with garbage, you're likely not going to be able to charge even more.