• tallwookie@lemm.ee
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    1 year ago

    presumably the minimum price for everything would raise as well within a specific area (ie: the borders of CA). time will tell, I suppose.

    • be_gt@lemmy.world
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      1 year ago

      Like that won’t happen anyway regardless of any minimum wage levels… At least this way people will get less robbed over time. It should be an indexed linked raise as well.

      • bobman@unilem.org
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        1 year ago

        I mean, it only happens if it can happen.

        Products are priced according to what people are willing to pay, not what they cost to produce.

        Edit: It’s really sad how many people are replying to me who don’t understand basic economics. I guess that’s why they’re so bad with money, lol.

          • BraveSirZaphod@kbin.social
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            1 year ago

            I mean, that kinda proves the point. People will pay pretty much anything for necessary medicine.

            Of course, the takeaway should be that market dynamics aren’t really appropriate for medical costs, since that basis of what one is willing to pay doesn’t really apply when the consequence is literal death.

          • bobman@unilem.org
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            1 year ago

            Why is the price $1500 and not $999999999 billion?

            Why is it $1500 instead of $1600?

            Lol, downvoted for explaining basic economics to those who don’t get it.

            Stay in school.

              • BURN@lemmy.world
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                1 year ago

                They have high school economics down, but not anything more than that. They’re one of those “supply and demand” parrots who barely understand the concept but think they’re an expert

              • bobman@unilem.org
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                1 year ago

                Sorry man, you’re just going along with the crowd even when they’re wrong.

            • Flying Squid@lemmy.world
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              1 year ago

              You know people who can’t afford that $1500 just die, right? It isn’t priced at what they can afford, they can’t afford it.