3 ms·
> If bread cost that much, we'd start eating more rice, pasta, and potatoes. Or maybe we'd import bread from other countries where it goes for $5/loaf? Nah, le
by aianus 9y ago
> If bread cost that much, we'd start eating more rice, pasta, and potatoes.
Or maybe we'd import bread from other countries where it goes for $5/loaf? Nah, let's just protect our virtuous $100/loaf domestic industry at all costs and blame the greedy consumers for being selfish and cheap ;)
s/consumers/employers
s/loaf/programmer-hour
- humanrebar 9y agoI was under the assumption that the $100 price included the prices of imports. At some point the analogy breaks down, since importing people isn't the same thing as importing things. The points were that these kinds of pricing shifts can and have happened before, reactions can be varied, and reactions usually affect things on the demand (i.e., employer) side of the equation.