3 ms·
Making things cheaper is another way of solving it.
by rtx 9y ago
Making things cheaper is another way of solving it.
- jahaja 9y agoSo the idea is to make things cheaper for the poor by lowering their wages?
- rtx 9y agoYes, that reduces the cost of production. Everyone can be paid a high salary and produce expensive stuff. Or low salary and cheap stuff. Both of them are valid solutions. But due to the current concentration of wealth in rich countries we are seeing preference for one of them.
- jahaja 9y agoSo the wages of the poor is dynamic, but the profit margins etc are static by some force of nature?