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> We have to collectively decide whether that tradeoff is worth it We do exactly that every day. Price discovery in the market is the result of collective acti
by malandrew 7y ago
> We have to collectively decide whether that tradeoff is worth it
We do exactly that every day. Price discovery in the market is the result of collective actions that determine if a tradeoff is worth it.
- apendleton 7y agoThis would be true if all consumers were rational actors and thought through the labor market ramifications of each purchase they made before they made it, but they're not and they don't.