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by AnthonyMouse
1121 days ago
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That's not actually pick three. It's that if you have uncompetitive markets (and therefore high rents/inefficiency), you end up with worse wages, loss of US jobs and high prices. Because then the price companies can charge is no longer tied to their labor cost, so they can cut labor costs without lowering prices. This is clearly what's happened and needs fixing, but even after that, you still have a trade off between high-paying US jobs and low consumer prices. But the answer to that one isn't as obvious because it isn't linear. In a competitive market, competition with labor in other countries might cause you to get paid $1000/year less, but lower your cost of living by $2000/year. |
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