To the extent that workers are also consumers, this has an offsetting effect.
What Paul Graham Is Missing About Inequality
Tim O'Reilly

Is this “real value” in the broad sense? Then why do so many Walmart employees require food stamps? Walmart’s low prices are literally not low enough to deal with their low wages.

It’s a running cliche that monopolistic enterprises get a pass for their extractive practices because they’re framed as “pro-consumer” — it doesn’t bear out at all in the broader sense.

Doesn’t seem very valuable to me.

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