Re: Help with a Minimum Wage Model

From: Samantha Atkins (samantha@objectent.com)
Date: Thu Apr 10 2003 - 03:31:37 MDT

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    matus wrote:
    >>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.)
    >
    >
    > Do you mean to imply that food is more expensive, and getting more expensive
    > all the time? I find that hard to believe.

    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?

    - samantha



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