this post was submitted on 09 Nov 2024
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chapotraphouse

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[–] [email protected] 36 points 7 months ago (6 children)

rising labor costs

cost of goods go up

I smile when I encounter the Labour Theory of Value

[–] [email protected] 33 points 7 months ago (5 children)

MFW people who argue that we should not raise the minimum wage or else consumer prices will go up ironically argue for the Labor Theory of Value.

[–] [email protected] 16 points 7 months ago (4 children)
[–] [email protected] 11 points 7 months ago

Basically every economist, including 'Marxian' ones.

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