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  • From: Paul Cory <pwcory AT mindspring.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 01:03:30 -0400

And here's an article discussing some of the holes in the way the government analyzes the unemployment statistics:

http://slate.msn.com/id/2094690/

So, no, things aren't so rosy when you look at the numbers more closely.

Paul

On Jul 22, 2004, at 12:48 AM, Tony Spencer wrote:

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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