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Oh, yes. That's been used to drive down the standard of living in the US (including within it) forever. That's why competition is bad for labor. The only real e
by 0x262d 6y ago
Oh, yes. That's been used to drive down the standard of living in the US (including within it) forever. That's why competition is bad for labor. The only real escape from the market's race to the bottom is a democratically planned economy IMO.
- sokoloff 6y agoCompetition is both good and bad for labor. It’s bad for labor-as-suppliers. It’s good for labor-as-consumers.