Ed,
Not only to liberty and justice not taste too well,
when they aren't there to taste, you will be sure that ends will not
meet.
Two hundred years ago, Ricardo postulated the "Iron Law
of Wages" and about 125 years ago George picked it up and ran with it. Of course
that's all Classical stuff - out-of-date for these complex modern
economies.
So, we have welfare for people with full-time jobs who
can't survive on what they get. We even have a name for them - the working poor.
We have a law to force employers to pay a minimum wage, when in the England of
half a millennium or so ago - there was a law to keep wages down (the
Statute of Laborers).
Why don't we laugh? Even though it might sound a trifle
hollow.
So, in ten years, or twenty, or a hundred, will we
still be trying but failing to provide something for an ever increasing number
of the poor?
On second thoughts, don't laugh.
Harry
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Henry George School of Social Science of Los Angeles Box 655 Tujunga CA 91042 Tel: 818 352-4141 -- Fax: 818 353-2242 http://haledward.home.comcast.net ******************************************** From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Ed Weick Sent: Thursday, December 04, 2003 6:08 AM To: Thomas Lunde; [EMAIL PROTECTED] Subject: Re: Slightly extended (was Re: [Futurework] David Ricardo, Caveman Trade vs. Modern Trade Thomas, very good posting. Ontario has just
raised the minimum wage from peanuts to peanuts. Many of the poor are
working full time and even double time, but are still unable to meet the rent or
buy enough food, let alone get their kids the kinds of in toys ("status goods")
that are going around. They can try eating freedom and justice, but they
don't taste very good when you can't make ends meet.
Ed
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Title: Re: Slightly extended (was Re: [Futurework] David Ricardo, Caveman Trade vs. Modern Trade