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  • From: "Tony Spencer" <tony AT tonyspencer.com>
  • To: "'Internetworkers: http://www.ibiblio.org/internetworkers/'" <internetworkers AT lists.ibiblio.org>
  • Subject: RE: [internetworkers] from the desk of Arianna Huffington
  • Date: Thu, 22 Jul 2004 00:48:08 -0400

> 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
> ---
> Come and play at the InterNetWorkers Web site!
> http://www.ibiblio.org/internetworkers/
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>





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