2 ms·
I don't get your toy examples. It seems you're assuming laborers can only consume the products they produce? That's not how an economy works, and affordability
by Klinky 6y ago
I don't get your toy examples. It seems you're assuming laborers can only consume the products they produce? That's not how an economy works, and affordability also depends on need and scalability.
What happens when you don't increase labor rates, but keep increasing prices anyways? Maybe this is less about increasing prices and more about capital needing to decrease their share.