RE: Living Wage vs Minimum Wage

[Adam.Stokes@xxxxxxxxxxx]

>``If you're talking about how to save money on
>trash-pickup, the main benefit of giving it to a commercial firm is that
>they can pay lower wages,'' Bosworth said.  ``But if you can force
>companies to pay more than cities do, the whole move to privatize
>collapses. It's mainly a way to restore the authority of unions.''

Is this an admission that the private sector isn't more efficient, but
rather better versed in the practice of exploitation? So where to now for
all the privatization zealots?

While on the issue of contradictions, I'm amused by the latest calls by
globalisation advocates at last weeks WEF that the fall in the Australian
dollar is merely a reflection of Australia's lack of an IT-producing
industry.  So, can we assume from this that the theory of comparative
advantage is dead?


-----Original Message-----
From: ÁÎ×Ó¹â Henry C.K.Liu ¹ù¤l¥ú [mailto:hliu@xxxxxxxxxxxxxx]
Sent: Tuesday, 19 September 2000 11:33
To: Post Keynesian Thought
Subject: Living Wage vs Minimum Wage


                       Economic Outlook
                       Mon, 18 Sep 2000, 8:22pm EDT

                       `Living Wage' for Workers Drives Pay Debate:
Economic Outlook
                       By Art Pine