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That's only assuming that costs go up or stay the same. They might, but if the tax burden becomes higher than the net increase in production, they could very w
by bmelton 11y ago
That's only assuming that costs go up or stay the same. They might, but if the tax burden becomes higher than the net increase in production, they could very well lower prices to better compete.
Long story short, you MIGHT be right, but if the economy is depressed by all the newly jobless, it seems a stretch that prices would skyrocket, or even stay flat so long as automation provides more wiggle room at the margins.