Giggle. This number might have some meaning if ALL the wages were spend within the city for goods made in the city from products made in the city & then the money spent would be respent within the confines of the city.
On Mon, Dec 06, 2004 at 12:03:56PM -0500, Michael Hoover wrote: > pen-l replies to my query much appreciated (and belated thanks to jim > devine for comments on gresham's law and u.s. dollar), i have another > question... michael hoover > > what should one make of mainstream newspaper article or business page > advert that reads: > "_____'s (fill in city name) manufacturing workers produce $4.25 in > value over and above every dollar they get in wages." > > > -------------------------------------------------------------- > Please Note: > Due to Florida's very broad public records law, most written communications > to or from College employees regarding College business are public records, > available to the public and media upon request. Therefore, this e-mail > communication may be subject to public disclosure. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
