[lbo-talk] What's the deal with conservatives, economists, and the minimum wage?

[Mike Ballard]

On 1/19/07, Jason McCullough <lbo-talk at hronk.com> wrote:
> Any blazes of amateur sociology on why business and economic types are such
> assholes about this specific area?  You'd think it involved their mothers.

****************

The narrow ideological outlook of bourgeois individualism is at play here too. 
It affects their perception when it comes to gauging their interests.  As Marx
points out in the first few pages of CAPTIAL VOL 3, wages form part of the
cost-price of a commodity.  Lower wages can help the capitalist gain market
share by enabling the commodity to be sold at a lower price.  The perception on
the capitalist side of the class struggle is that higher wages are always a
drag on gaining market share.  

"Shall we move the business to Vietnam, Norm?"

Regards,
Mike B)

Watch the communist manifestoon!
http://www.youtube.com/watch?v=j1oGIffyVVk

__________________________________________________
Do You Yahoo!?
Tired of spam?  Yahoo! Mail has the best spam protection around 
http://mail.yahoo.com