Re: Help with a Minimum Wage Model

From: Charles Hixson (charleshixsn@earthlink.net)
Date: Tue Apr 08 2003 - 11:22:46 MDT

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    Damien Sullivan wrote:

    >On Mon, Apr 07, 2003 at 08:29:02AM -0700, Charles Hixson wrote:
    >
    >
    >>Earlier this morning I was mentally comparing the tax structure, patent
    >>laws, copyrights, and social conditions with those of the 1950s. We
    >>have gone drastically downhill. The only gain (I admit it's a large
    >>one) that I noticed was increased interracial justice. But there have
    >>
    >>
    >Women, and men who like women not in traditional roles, might think there have
    >been some improvements as well. Sexual revolution, women admitted more to
    >technical colleges and jobs...
    >
    Those are social gains, I admit. But the costs have been tremendous.
    My wife is a music teacher, and she reports that the ability of students
    to learn is quite strongly related to whether or not the mother is
    working (as other than a mother). Women who choose to be childless have
    benefited a lot, and those who needed to escape an abusive
    relationship. Otherwise, I'm not at all sure.

    >Krugman traces a lot of socioeconomic relative decline to falling productivity
    >growth rates. Productivity grew at about 3% in the fifties and sixties, and
    >1% since then. I think the message was that Ricardo's Iron Law of Wages, and
    >some similar analysis by Marx, were perfectly valid in the static equilibrium.
    >The faster productivity grows, the farther we can get from that unpleasant
    >state.
    >-xx- Damien X-)
    >
    I think it has more to do with the changing distribution of wealth. It
    seems to me that the proportion of the country's wealth controlled by
    the top 1% of the population (in wealth) has more than doubled. And the
    same, to a lesser degree, for the top 10%. But I must admit I don't
    know anywhere to find reliable measures for this.

    -- 
    -- Charles Hixson
    Gnu software that is free,
    The best is yet to be.
    


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