This lends an advantage to non-unionized labor. (Easer to convince workers to keep take-home pay constant to their take-home pay under the income tax.) Especially for companies wherein a majority of its products are sold in countries other than United States.
It will take a few years for pay to normalize in each industry's labor market.
A wash, but with a monthly prebate check.
In essence the issue of prices and take-home pay is akin to stating the FairTax in inclusive or exclusive terms. Each issue has has two views or talking point to express an end result that remains constant for each issue.
I agree. However some of the early threads on the Fair Tax combined the two. People would have gotten their current gross pay as the new net and after tax prices would have remained the same as current retail prices. You can't get both. I would love it if that were true, but you can't get the best features of both extremes.