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Competition still exerts a downward force on prices, and as the cost of labor increases the cost of developing automation will become more and more attractive t
by AnIdiotOnTheNet 7y ago
Competition still exerts a downward force on prices, and as the cost of labor increases the cost of developing automation will become more and more attractive to replace it.
- tomp 7y agoYou don't need UBI then, prices will just go down towards 0 because of competition, resulting in free food / housing / clothing / mobile phones for everyone. Only being half-sarcastic here.