I'd ask "what went right?" There's no reason to pay someone $72,000 / yr to put boxes on shelves, when a 15 yo kid can do it. That cost gets passed along to all of us, and disincentives smart grocery store workers from actually doing something more useful with their liveshttps://twitter.com/Face_Almighty44/status/1094769856023613443 …
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Replying to @MorlockP
The surplus still exists in the system, except now it's not captured by the union job, nor by the manager. Where does it go?
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Replying to @DoppelMark
when you used to buy bread that was put on the shelf by someone earning $72k/yr, and is now put on the shelf by someone earning $20k/yr, the bread is cheaper.
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Replying to @MorlockP
indeed, the microeconomics check out. speaking of macro, where does the surplus go?
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Replying to @DoppelMark
when bread is cheaper, consumers have to spend less money to buy it ... so the money stays in their pockets.
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Replying to @MorlockP
that's the theory, but it sure doesn't look like that. pretty sure the money is partly gone to consumption, but mostly to rent, credentialism, and healthcare. http://fortune.com/2019/01/29/americans-liquid-asset-poor-propserity-now-report/ …
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so... people did indeed keep their money, AS I SAID, and then spent it on other things? ok
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