Re:People kept working, became healthier while on basic inco...
by AnthonyMouse on Thursday March 05, 2020 @11:34AM
(#22495049)
But in this case "bowling balls" is really "whatever the workers buy with their money" -- if local housing is supply constrained so they have to spend it bidding up housing prices, they don't get so many bowling balls.
This is still a "constraining the housing supply is bad" problem, not a "higher wages are bad" problem.
But in a global economy that's irrelevant: the greater availability of jet engines where they are used will cascade eventually into a greater availability of bowling balls in the town where they make jet engines.