Date: Mon, 4 Mar 96 6:49:27 EST
From: boddhisatva <kbevans-AT-panix.com>
Subject: Re: Labor Party,USA -- A question






		Mr. Carnell, 




	I would explain it, but then I'd have to give you a math
co-processor.  


	Okay, try this.  If the minimum wage goes up, then the prevailing
wage goes


a) up

b) down


	If the prevailing wage rises, workers will have 

a) more to spend

b) less to spend


	If jobs shift from low value-added to high value added this makes the
economy 


a) more productive

b) less productive



	On a company balance sheet there are (at least) two entries: profit
and labor cost.  If labor cost goes up, 


a) profit can go down to accomodate it

b) the owner can start whining about imminent doom and unemployment



	If money goes into working people's pockets instead of rich people's
they are 


a) more likely to spend it and create demand

b) sorry no option


	
	If rich people don't get as much profit off the backs of people who
make $4 an hour, and don't like it, they can


a) get stuffed

b) go piss up a rope




	peace,



		boddhisatva





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