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A comment on A Basic Income Should Be the Next Big Thing. Parent comment

Re:A Basic Income Should Be the Next Big Thing by marknutter on Tuesday May 03, 2016 @11:11PM (#11625880)
Labor is wrapped up in the intrinsic value of things. Gold is only intrinsically valuable after it has been extracted, therefore its labor costs are included in the price. Don't believe me? What happens to the price of gold when it suddenly becomes much easier to mine for it?
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Re:A Basic Income Should Be the Next Big Thing by WWKong on Wednesday May 04, 2016 @02:52PM (#11630702)
Not sure if applies to everything. For a close product think diamonds where the value is controlled by creating fake scarcity.
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