Jim Devine wrote:real wages also increase when low-wage workers are the first to be fired.
Do we know that's actually happening? Manufacturing workers are losing jobs most rapidly of all, and they paid higher than average.
I don't know if it's happening or not, but it often does, as when the manufacturing workers with the least seniority get laid off first (before their higher-paid & more senior colleagues). Businesses seem to follow the LIFO strategy when it comes to personnel management.
Jim Devine jdevine@xxxxxxx & http://bellarmine.lmu.edu/~jdevine
- Re: re: Welfare can't be abolished until unemployment is abolished, (continued)
- Re: re: Welfare can't be abolished until unemployment is abolished, Jim Devine Fri 07 Sep 2001, 18:15 GMT
- Re: Re: re: Welfare can't be abolished until unemployment is abolished, Doug Henwood Fri 07 Sep 2001, 18:21 GMT
- Re: Re: Re: re: Welfare can't be abolished until unemployment is abolished, Jim Devine Fri 07 Sep 2001, 18:35 GMT
- Re: Re: Re: Re: re: Welfare can't be abolished until unemployment is abolished, Doug Henwood Fri 07 Sep 2001, 18:51 GMT
- Re: Re: Re: Re: Re: re: Welfare can't be abolished until unemployment is abolished, Jim Devine Fri 07 Sep 2001, 19:53 GMT
- Beyond Kyoto or, goodbye 'sustainable development', Ian Murray Fri 07 Sep 2001, 15:42 GMT
- <Possible follow-up(s)>
- re: Beyond Kyoto or, goodbye 'sustainable development', Tom Walker Fri 07 Sep 2001, 16:54 GMT
- WB unmanageable, Ian Murray Fri 07 Sep 2001, 15:35 GMT
- Forces of Darkness- Wolfensohn, Eugene Coyle Fri 07 Sep 2001, 14:30 GMT