----- Original Message ----- From: "Gautam Mukunda" <[EMAIL PROTECTED]> To: "Killer Bs Discussion" <[EMAIL PROTECTED]> Sent: Saturday, September 18, 2004 3:15 PM Subject: Re: Br!n: some thoughts and quotes.
> > Well, it depends. If your definition of a decent wage > is more than their labor is worth then you have just > mandated not an improvement in their situation but > their unemployment. This does not seem to me an > improvement. There are two ways to look at what labor is worth. One is how low one can pay on the open market. The second is at what point do you just uncreate the job because there is not enough profit to be made when you pay someone that amount of money. Unions and minimum wage laws can address the first. They cannot address the second. If you look at my numbers on the change in the ratio of the per capita income for someone making minimum wage at a full time job and the per capita GDP, you will see that its fallen by roughly 60% over the past 36 years. That's even true when comparing 2000 with 1968, when unemployment rate were very similar. Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
