[lbo-talk] Number One Problem Economy in Europe

[Wojtek S]

[WS:] You missed my point.  I said that according to the author's
claim, about 5% of the German lf is paid low wages, which does not
seem to be much by developed country standards (I could have used
France instead of the US as a referent, but I do not live in France.)
To say that it is indeed a big deal, you need to make a different
argument - for example that this percent increased quite substantially
during the past few years (if this is indeed the case.)

wojtek

On Wed, Aug 10, 2011 at 12:57 PM, Angelus Novus
<fuerdenkommunismus at yahoo.com> wrote:
>
> Wojtek wrote:
>
>> What is so sensational about it. In the US, about 20% of households
>> lives on $18k or less
>
> Here's an interesting thought experiment/challenge: let's see if it would be possible to discuss the problems in Germany's export oriented, beggar-thy-neighbor economic model and its sado-monetarism within the EU without once resorting to the tired old "but in the US everything is soooo much worse".
>
> Yeah, I get it. Things are worse for Americans than for people in core-Europe.   And in Somalia, things are much, much worse than in the US.  So what?
>
>
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>