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by maxerickson
255 days ago
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Replacing jobs with better or lower cost alternatives is not an externality. Like if you switch from a low quality butcher to a higher quality butcher, you are not imposing a cost on the lower quality butcher. You can not like it as a consequence of course, whether it is an externality or not. |
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Replacing 3 delivery guys with 1 drone maintenance guy imposes a cost on society if those delivery guys can't then find work.