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DeepSeek Permanently Reduces The Price Of Its Flagship V4 Model By 75 Percent (tech.yahoo.com)
submitted 2 months ago by to c/technology@lemmy.world
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[–] 59 points 2 months ago (3 children)

Yeah, which is why the "if minimum wage increases, so will prices" aregument is BS. They were going to charge the highest price they thought they could either way, the difference is that they are forced to increase the amount that goes to the people they are trying to pay the least.

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  • [–] 7 points 2 months ago

    There is an element of minimum wage increasing, increasing prices because now there are more people that can afford to pay for things.

    But yes it isn't because costs go up, and it really only applies to things people on minimum wage can afford and it's always less than the increase in wages.

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  • [–] 3 points 2 months ago (2 children)

    It's not BS, it's just not as direct of an impact as they are implying. If payroll is 10% of their expenses (assuming EVERYONE makes minimum wage) then doubling the minimum wage will increase costs by 10%.

    Which could be (partially) absorbed from profits, could cause a 10% price hike... or a 50% price hike and fat bonuses for the executives.

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