Re: Help with a Minimum Wage Model

From: Damien Sullivan (phoenix@ugcs.caltech.edu)
Date: Wed Apr 09 2003 - 11:55:32 MDT

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    On Wed, Apr 09, 2003 at 02:56:04AM -0700, Lee Corbin wrote:

    > I've never seen a society getting richer that got (internally)
    > worse. I'd rather a country be run by rich hoodlums that by

    Define "internally worse". That rapid growth of GDP seems correlated with
    increasing inequality seems well-accepted (debate is over how much the
    inequality matters.) The US has kept on getting richer over the last few
    decades, but income in the bottom segment has fallen in absolute terms (module
    the existence of stuff which couldn't be bought before... but food and housing
    are basics.) Britain got richer in the enclosure movement, with tenants being
    kicked off the land for sheep farming; the tenants would probably have words
    about it not getting internally worse.

    -xx- Damien X-)



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