I said you can punch holes in it. Seth did not ask for reality but what we are supposed to say.
On Fri, May 13, 2005 at 08:03:51PM -0400, Doug Henwood wrote:
> michael perelman wrote:
>
> >*The story that they tell is that many low-wage workers merely lack
> >the necessary skills for a modern economy. So that the
> >productivity of these workers declines because their skills are
> >obsolete. You can punch holes in this story pretty easily, but not
> >in 10 second sound bites.*
>
> But Nordhaus & Gordon & Triplett say that a quarter of the
> productivity acceleration came from retail, the ideal type of the
> low-wage sector - and that mainly came from Wal-Mart.
>
> Doug
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu