The question isn't whether diamonds exist, it is whether laws artificially restrict the supply of diamonds?
If, in your example, these $0.001 savings opportunities were quickly mined, would there remain such high pay for software developers?
What if the pricing power comes not as much from the work being done, but from laws that restrict supply?
The question isn't whether diamonds exist, it is whether laws artificially restrict the supply of diamonds?
If, in your example, these $0.001 savings opportunities were quickly mined, would there remain such high pay for software developers?
What if the pricing power comes not as much from the work being done, but from laws that restrict supply?