Re: Help with a Minimum Wage Model

From: Lee Daniel Crocker (lee@piclab.com)
Date: Thu Apr 10 2003 - 10:19:00 MDT

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    > (Samantha Atkins <samantha@objectent.com>):
    >
    > Are you going to address housing and the other implied
    > necessities or just harp on your understanding of food
    > abundances (but not necessarily food prices). If I have no home
    > or cooking facilities the types of food I can buy are also
    > severely limited and per unit of nutrition much more expensive.
    > Are you going to attempt to say that the cost of living in say
    > 1970 dollars has not risen and risen dramatically in the last 32
    > years?

    If he doesn't, I will. Life is much better and cheaper than it
    was in 1970, by the only measure that matters: amount of labor
    for goods comsumed. I have a single 40-hr/wk desk job, no
    significant outside income (a poker tournament win or two), and
    I can afford to live alone in a three-bedroom house with all
    the latest cooking and entertainment gadgets, a three-computer
    network, plenty of food, good wine, full medical coverage, a
    vacation now and then, and in many other ways a standard of
    living that would be the envy of 95% of the planet, and better
    than, say, my father at the same point in his life around 1970.

    -- 
    Lee Daniel Crocker <lee@piclab.com> <http://www.piclab.com/lee/>
    "All inventions or works of authorship original to me, herein and past,
    are placed irrevocably in the public domain, and may be used or modified
    for any purpose, without permission, attribution, or notification."--LDC
    


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