workers have always taken the risk without getting the reward (think of coal miners). And somehow when OSHA was brought in (by Nixon, who might have been the last New Deal liberal President), U.S. workers' wages seem
to have fallen more than enough to compensate the employers for its costs.
(is the text size now readable?)
JD
-----Original Message-----
From: Michael Perelman
To: pen-l@xxxxxxxxxxxxxxxxxxx
Sent: 6/23/2002 9:11 PM
Subject: [PEN-L:27141] Re: Re: Temps
One addition to Melvyn's comment: The classic justification of profits
is
the the capitalist accepts risk and profit is the reward. One of the
hallmarks of modern capitalism is to put the work onto others. Temp
workers new have to take much of the risk of unstable labor markets.
Enron also foisted considerable risk on unsuspecting investors -- such
as
the Univ. of California and the state pension fund.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx
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