Kalecki's political business cycle

Max Sawicky sawicky at epinet.org
Sun Mar 19 10:05:17 PST 2000


I don't remember anybody saying it was "outstanding."

As for documentation of gains at the bottom, check our web site. http://epinet.org

mbs

i pulled the numbers off BLS. i fail to see anything unusually outstanding about wage growth. granted, i didn't get my calculator out, but what i saw was a steady 3-4% increase in wages from year to year over the past decade. and i sure as heck didn't see growth in the low-level service/retail sector wages that max claims. i'd say that it's precisely the issue, 7% compared to stagnant growth isn't anything to get excited over. a 30ct wage gain in 1982 dollars over a decade is something to cheer about.....?

you guys are the economists.... kelley



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