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My Imaginary GF posted:Unfortunately, now that people can afford to live, what will the second-order impacts be? Will we see a rapid increase in unemployment as service industry jobs are made obsolete due to more affordable home and fast-casual dining? How many McDonald's and other franchises will go belly-up due to an upward shift in consumer spending trends? And don't forget what the knock-on inflationary effects will be when rentiers know that who they are renting to is guaranteed to have $15k a year coming to them. Now granted, inflationary effects have always tended to be less than the direct impacts (see also: minimum wage hikes) but they will exist in an unknown amount.
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# ¿ Nov 2, 2014 07:49 |
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# ¿ May 16, 2024 09:13 |