[lbo-talk] Rightwing College Students Target Ehrenreich's 'Nickel & Dimed'

Doug Henwood dhenwood at panix.com
Wed Jul 9 11:24:23 PDT 2003


Dwayne Monroe wrote:


>The insistence upon seeing "both sides" is what draws
>the attention in.
>
>Ehrenreich's observations about how difficult it is to
>live on very meager pay are either correct or not;
>there is no debate, only fact checking. What exactly
>is the other side?

That low wages for some are good for the economy as a whole, promoting high levels of employment and productivity that benefit everyone in the long run. That the poorly paid deserve it because of their low human capital and their debased time preferences (pursuing satisfaction today rather than sacrificing for a better tomorrow). But you knew that.

Doug



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