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gaze 6 hours ago

I mean I get your argument but it feels like one should adjust for wage growth instead. One labor unit of value converts to a shittier backpack.

CWuestefeld 6 hours ago | parent [-]

The other side of that coin is that someone whose units of labor demand less value can still get into the market.

gaze 4 hours ago | parent [-]

see terry pratchett's boots theory of economic fairness. They'll get into the market with something that costs more long term...