Considering that minimum wage in some (all?) European countries is
much higher, and health care and an egalitarian school system is
thrown in to boot, it makes the US minimum wage that much worse.

Dan Epstein
[EMAIL PROTECTED]




 --------------------------- Begin of Replyed Message ------------------------
In message <[EMAIL PROTECTED]>, You 
wrote the following:
> Since we have a discussion now on wages,
> 
> The 1950 minimum wage was $0.75, which is higher than today's $4.25 when 
> corrected by the consumer price index.  Productivity has gone up some 
> 140% in that time.  So, the minimum wage today could easily be motivated for 
> over $10 and capitalism would not crack (or even feel much of a dent)!
> 
> Paul Zarembka
> 
> 
 --------------------------- End  Message ------------------------

Reply via email to