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Ok, perhaps I was not precise in my terminology. The problem is how that consumer surplus will be distributed. And whether those who lose their jobs are able to
by nicoburns 4y ago
Ok, perhaps I was not precise in my terminology. The problem is how that consumer surplus will be distributed. And whether those who lose their jobs are able to find an alternative source of income. If consumer goods are cheaper, but people are still unable to afford them because they no longer have an income (or a greatly reduced one) then we still have a problem.