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To: Olog-hai
while our unemployment rate has fallen, we still are a low-wage state, where you have a lot of folks who are working two or three of those jobs.

Capitalism progressively raises average REAL wage rates. In the context of free and rational economic environment, an increase in the ratio of aggregate productive expenditure over aggregate sales revenues, which is an increase in the economic degree capitalism, first establishes full employment. Then, it increases aggregate demand for labor, which increases average money wage rates. It also increases production and supply, which leads to lower average prices. The combination of higher money wage rates and lower prices leads to higher real wage rates, which leads to higher standard of living for the average worker. What is not needed is leftardism, which is the opposite of the above.

43 posted on 10/15/2018 6:43:26 AM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: mjp
Capitalism progressively raises average REAL wage rates.

Not the way it's been practiced in the USA for the last 30 years. Unbridled legal immigration, pushed by Republican globalist economic disciples, created this person.

46 posted on 10/15/2018 6:52:34 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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