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Re: Running further with those shoes

Though I don't have the figures at hand, prices of goods are increasing
less rapidly than services, and durable goods less than nondurables. So
the "benefits" of lower wage costs are being passed along though an
intensification of Baumol's disease. Brand-name sneakers may be exempt
from the trend, but what about K-Mart knockoffs?

Doug

Doug Henwood [dhenwood@xxxxxxxxx]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
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