[PEN-L:1791] Re: min wage in real world

[glevy@xxxxxxxxxxxxxxx]

Paul: Since you asked that this question be discussed empirically using
Marxist categories, what is the average rate of profit so calculated in
the US economy? After you have answered that question, then we can factor
in increases in variable capital costs due to the proposed $10 minimum
wage and see what that would do to the average rate of profit.

Before one demands the impossible, one should give consideration to the
possible consequences of the impossible.

Jerry