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Goods becoming 7% cheaper means everyone on Earth is 7% wealthier. You might be happy with current prices, but very poor people definitely aren't.
by JBReefer 10y ago
Goods becoming 7% cheaper means everyone on Earth is 7% wealthier. You might be happy with current prices, but very poor people definitely aren't.
- beyondcompute 10y agoNo, of course, no. Goods becoming cheaper means people who sell goods at "adequate prices" will go out of business. Namely, local manufacturers, family businesses, people who pay decent sick leaves, people who obsess over sustainability. Your desire to save that 10% on a pack of potato chips means that instead of a neighboring guy who works in this shop for his entire life, who smiles to you, who knows what you want, you get these cold supermarkets with miserable people working like robots to make ends barely meet. Cheap things mean children working in China to make junk that goes to waste pretty soon, etc. Our obsession with unthoughtful saving means we're stealing pennies from our own future.
- deleted 10y ago[deleted]