Comment by UncleEntity

> To counter other commenters on this issue - we do have price controls on things such as milk, bread etc and it does 'work' to some degree.

My understanding, based in the US, is the commodity price controls set a minimum price to protect the farmers and not the consumers.

To counter your point, look no further than tuition prices at US universities. In the '90s (when I went to university) they were fairly heavily subsidized then the state governments stepped back and federal loans and grants took over. Universities, seeing this new influx of capital, promptly raised their prices well over inflationary rates to capture more and more of these federal funds leading to what we have today. I, admittedly, took the cheap route of community college and state university (along with the GI Bill) and only had something like $6k in student loan debt by the time I got my bachelors in '97 while today's community colleges have higher tuition than what I was paying at university.

Though... I don't doubt AI is going to cause some serious problems when it starts replacing people at high rates across the board.