Post
Topic
Board Economics
Re: Technological unemployment is (almost) here
by
Murwa
on 05/12/2013, 23:14:03 UTC

How do you get rich decreasing prices, except if that then expands your market so you can sell more, hence closing in on the goal of supplying "the whole world with the goods they need"?
It is amazing how such an obvious things can be missed.

1. Price decreases due to lower cost of labor. It doesn't mean automatically you sell more.
2. You can sell more but to the same population that can actually afford. It is done through planned and perceived obsolescence.