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To: SJackson
A wage is a price. Prices are determined by the market. Any attempt to defeat the market by setting an artificial price results in unintended consequences.
5 posted on 08/15/2003 5:10:10 AM PDT by Jack Wilson
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To: Jack Wilson
A wage is a price. Prices are determined by the market. Any attempt to defeat the market by setting an artificial price results in unintended consequences.

Tell that to the masses of 'edjookaded' humanoids out there, who are ripe for a "New Democratic Socialist Party of America" to tell them the answer lies in "living wages" and "empolyment entitlements." This is another side effect of outsourcing and the "global economy" --it is creating a grumbling, angry swell of lower/middle class workers who may very well find the answer to what ails them in The Democrat Party. Let this continue for a few years, give the media some room to work with/spin/distort/propagandize the issue, and it could be this country's version of "The Revolution!" At least in 1917, those people had jobs!

21 posted on 08/15/2003 5:36:38 AM PDT by Captainpaintball
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To: Jack Wilson
An economy is just people cooperating. People use language to cooperate. One of the words in English language cooperation is "dollar." Like all words, the meaning of "dollar" is strictly traditional. You learned about "the value of a dollar" at your mother's knee.

The government of Santa Fe presumes to legislate a tradition, but traditions exist because of deep cultural reasons which the culture may not necessarily be able to fully articulate in language. At least not to the satisfaction of the anticonservatives of Santa Fe.

But whatever reasons may exist for the traditional meaning of dollar--economists describe them in terms of "free market prices" and "demand curves"--are assuredly above the pay grade of the government of Santa Fe to overturn. When the effects appear, the anticonservatives of Santa Fe will unfortunately remain in denial about the causes, and will attempt to scapegoat.

Blame will be heaped on those who predicted that, once again, water will flow downhill, not up.

29 posted on 08/15/2003 5:57:20 AM PDT by conservatism_IS_compassion (The everyday blessings of God are great--they just don't make "good copy.")
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