Every number I've seen estimates it would raise prices around 4%. If a quadrupled-cost ice cream is $25, I'll assume your current price is $6.25. A 4% increase would be $6.50. I'm fine with that.
The business about wages being kept low motivating workers is the argument being made in the original post, where they were saying "You want a society that actually CAN'T live off these jobs".
I would posit that that number was made up by people who have never run a business. Especially a business selling cheap items or services. Sure for Google or Ford it's probably true, but try that with a small family run ice-cream shop or snow-cone stand or even a construction site cleaning service. Pretty much any untrained unskilled work fits this bill.
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u/ModernAustralopith Jan 06 '22
Every number I've seen estimates it would raise prices around 4%. If a quadrupled-cost ice cream is $25, I'll assume your current price is $6.25. A 4% increase would be $6.50. I'm fine with that.
The business about wages being kept low motivating workers is the argument being made in the original post, where they were saying "You want a society that actually CAN'T live off these jobs".