[lbo-talk] Number One Problem Economy in Europe

Doug Henwood dhenwood at panix.com
Wed Aug 10 10:39:06 PDT 2011


On Aug 10, 2011, at 1:32 PM, Wojtek S wrote:


> [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.)

I was suspicious of the way the original point was phrased - where is inequality and poverty increasing most rapidly. From what base and over what period of time? It could be damning, it could be not - but as it is, it's vague as hell.

Doug



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