Internetworkers: http://www.ibiblio.org/internetworkers/

["Tony Spencer" <tony AT tonyspencer.com>]

> distorted by a) oversupply of labor ("jobless recovery") or

Jobless recovery?  Nonsense.  We are at the lowest unemployement rate in 4
years:
<http://quote.bloomberg.com/apps/news?pid=10000103&sid=aE_tiJ8kecXY&refer=us
>

T O N Y  S P E N C E R
Notsleepy LLC
6512 Six Forks Rd.
Suite 502-B 
Raleigh, NC 27615
Phone: 919.848.0691
Mobile: 415.637.6481
tony AT tonyspencer.com 

  

> -----Original Message-----
> From: internetworkers-bounces AT lists.ibiblio.org 
> [mailto:internetworkers-bounces AT lists.ibiblio.org] On Behalf Of Thomas
> Sent: Thursday, July 22, 2004 12:43 AM
> To: Internetworkers: http://www.ibiblio.org/internetworkers/
> Subject: Re: [internetworkers] from the desk of Arianna Huffington
> 
> Tony Spencer wrote:
> > I'm hiring my first employees for my fledgling company as 
> we speak.  
> 
> Congratulations, Tony!  That is a huge step.
> 
> > Its
> > exciting for me to contribute to someone's salary and are 
> my employees 
> > are being screwed?  Absolutely not.
> 
> This is the interesting thing about Capitalism.  Marx is 
> correct here, Tony is hiring someone because he can make more 
> money from their labor than he is paying them.  Extracting 
> value.  But he is paying a fair wage?  Ostensibly yes, 
> according to the market.  Question is, is the market wage 
> distorted by a) oversupply of labor ("jobless recovery") or
> b) Tony's unfair bargaining power?  I can't answer the first, 
> I think the answer to the second is negative.  This is why 
> small business is the foundation of our economy.
> 
> OTOH, does Wal-mart pay its "associates" a fair wage?  Let's 
> see, Wal-Mart employs more people than the population of some 
> sovereign nations or U.S. states.  But only one Wal-mart 
> store has a collective bargaining agreement.
> 
> Oh wait, I said I'd go to bed.
> 
> TaB
> ---
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