BdL on BE

[Gordon Fitch]

> . . . In practice, when the relatively
> poor start to get more money, the better-off, who have more
> power than they do, can be expected simply charge them and
> each other more until the wage change is absorbed by inflation.
> And this is what we seem to observe.  It seems like a cruel 
> joke, in fact, but "only the poor will suffer, and they're
> used to it."

Max Sawicky:
> Is this statement founded on some heretofore secret
> evidence, or were we just feeling frisky today?

What's secret about it?  Is the minimum wage not absorbed by
inflation?  Do most people not charge as much for the goods
and services they offer for trade as they can?  Do some
people not have more power than others?  This doesn't seem
like very frisky theorizing to me, tediously leashed to
observation as it is.  You should see _frisky_ sometime.