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0x262d
on May 22, 2020
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Why our economy may be headed for a decade of depr...
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
on May 22, 2020
[–]
Competition is both good and bad for labor. It’s bad for labor-as-suppliers. It’s good for labor-as-consumers.
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