this post was submitted on 14 Feb 2024
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[–] LodeMike 40 points 1 year ago (11 children)

Only temporairally. Prices would fall back down again as competition theoretically kicks in.

[–] candybrie@lemmy.world 34 points 1 year ago (3 children)

Prices usually don't fall. Falling prices are generally seen as really bad. Prices instead stop going up so fast.

[–] SolarMech@slrpnk.net 1 points 1 year ago* (last edited 1 year ago)

Which is "ok" as wages will start to go up over time (for some). But some wages don't climb as fast and some people are on fixed revenue (old people, disabled people).

So it requires readjustments

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