From: Dan Fabulich (daniel.fabulich@yale.edu)
Date: Tue Apr 28 1998 - 18:05:27 MDT
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Paul Hughes wrote:
>Again, *how* will people be able to but and use more or improved products
>when those products are being made almost completely with human labor?
Just as wages drop, prices will drop. Remember, jobs don't vanish, but
rather low wages make a job worthless. And the lower the price level, the
more worthwhile low wages are. So people will use their lower wages to buy
goods at a lower price.
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