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> Suddenly the bottom guy gets enough money to live and quits his job at Walmart. Walmart finds out that people are willing to work for double the old salary th
by sixothree 13y ago
> Suddenly the bottom guy gets enough money to live and quits his job at Walmart. Walmart finds out that people are willing to work for double the old salary though($200). So they multiply the price of goods by 2.
That is an extremely naive conclusion. Re-think your argument.
- rtpg 13y agoI'm assuming a magical world where the price of goods depends only on salary (if you actually look at a series where every aspect of the production chain gets hit by the same salary increase, then the price goes up the same amount anyways, irregardless of material costs). Why do you think it would go up more?