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There is some inelasticity to some classes of goods, so you don’t immediately have to worry about upturning an entire nations company because a foreign company decided to pay middle class wages to a few dozen people.

Now for instance, the class of goods we were talking about is restaurant food. This may be a pure substitute for home cooked food, leading to no increase in food demand and money simply being spread to the service workers. Or it could be that they eat different food (e.g chicken imports rather than local fish), which also wouldn’t affect the balance of demand/supply for the poorest and neediest.



I would be more concerned about housing.




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