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

[Paul Cory <pwcory AT mindspring.com>]

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
> > ---
> > Come and play at the InterNetWorkers Web site!
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>
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