Re: A Challenge To All Extropians

Dan Fabulich (daniel.fabulich@yale.edu)
Tue, 28 Apr 1998 20:05:27 -0400


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Paul Hughes wrote:
>Again, *how* will people be able to but and use more or improved products
>when those products are being made almost completely with human labor?

Just as wages drop, prices will drop. Remember, jobs don't vanish, but
rather low wages make a job worthless. And the lower the price level, the
more worthwhile low wages are. So people will use their lower wages to buy
goods at a lower price.

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