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> If bread cost that much, we'd start eating more rice, pasta, and potatoes. We'd change our meal plan. Or people would realize the ingredients for bread cost
by klipt 9y ago
> If bread cost that much, we'd start eating more rice, pasta, and potatoes. We'd change our meal plan.
Or people would realize the ingredients for bread cost < $1, bakeries would pop up, and the price of bread would drop back to normal.
Similarly if software developers are all charging $1,000,000 / year, it gets cheaper to find smart people who aren't software developers (yes, there are plenty of smart people in other professions) and train them.