Like that was what the post-WWII low-Gini coefficient American Dream New Deal/Great Society 1950s-70s Bernie Sanders era was High prices due to monopolistic competition, a price floor "propped up" by Big Business being in bed with Big Labor Because high prices = high wages
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We basically can look at two ways to do things, high prices/high wages or low prices/low wages Who's actually important, the citizen at producer or the citizen as consumer And we switched over to doing the latter in the 80s - that's the "neoliberal consensus"
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To be fair, that's because the 70s "defeated" the previous Keynesian consensus by giving us the dreaded high prices/low wages combination ("stagflation"), which people had thought was supposed to be impossible and freaked everyone out But still
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We've been on this ride of trying to make businesses "lean" and "efficient" and always above all else "deliver greater savings to the consumer" for like 40 years now Given that "the consumer" is supposedly all of us, and we're all very unhappy, how did that go
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That's what the "Millennials Kill..." meme is about, the people in charge finally realizing low prices/low wages is a self-reinforcing death spiral
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"You told me to suck it up and deal with my low wages by saving money and not going out to eat So my whole generation did that, and now the restaurant I work for is cutting staff and laying me off"
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End of conversation
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I highly doubt it, since they'd need to be able to make multiple connections mentally at once regarding what goes into that price, and based on observations from working customer service, very few people actually possess that ability in any amount. D:
Thanks. Twitter will use this to make your timeline better. UndoUndo
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