Re: Help with a Minimum Wage Model

From: Damien Sullivan (phoenix@ugcs.caltech.edu)
Date: Thu Apr 10 2003 - 10:45:33 MDT

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    On Thu, Apr 10, 2003 at 03:29:48AM -0400, matus wrote:

    > Do you mean to imply that food is more expensive, and getting more expensive
    > all the time? I find that hard to believe. Considering we make more food

    No, I meant to state that the poorest segment has less money with which to buy
    that food. And housing, and medical insurance. If you have less money for
    the basics, the fact that there are shiny new DVD players in the world doesn't
    matter so much.

    > living includes food, clothing, housing, etc, I would wager it has decreased
    > primarily because 1) food, clothing, etc have decreased so much and 2)
    > people in densely populated areas just live in smaller places. But I would

    Living in a smaller place doesn't affect standard of living? Anyway, in my
    experience rent exceeds food expenditures, often by a lot. And urban rents
    have been increasing rapidly in many places. Live elsewhere? Ah, but where
    are the jobs?

    -xx- Damien X-)



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