At some level (individual, company, country, world), the value of what you produce must exceed the value of what you consume. That's Economics 000. In even more simple terms, you can't consume something until someone has produced it. The concept that pay should be based on an employees' need vs value of their work performed is nonsense. All efforts to artificially increase (aka inflate) wages by fiat do exactly that: stoke the inflationary spiral. When the smoke clears everything just costs more, from wages to food; and nothing has changed.
Having observed several of the "workers" at our local Walmart, they (but not others) are overpaid if they are getting minimum wage. Scott -----Original Message----- From: Mercedes [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Andrew Strasfogel Sent: Wednesday, January 22, 2014 4:56 PM To: Mercedes Discussion List Subject: Re: [MBZ] 85 people own half the worlds wealth Walmart is able to charge so litle because it pays its workers so little. Many of them are on public assistance to make ends meet because WM doesn't pay them a living wage. _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
