At 2:17 PM 2/13/96, Peter.Dorman wrote: >Thus, while real "consumption" wages, deflated by the Consumer >Price Index, have remained constant, real "product" wages, >deflated by business prices, have risen at approximately the same >rate as productivity. (Lawrence, 1994) It could be argued, >then, that, since unearned income has not risen as a share of the >total product, labor's bargaining position can be assumed to have >remained unchanged. This is utter nonsense. What worker gives a damn about productivity in capital goods if his or her living standard is falling? This is statistical fetishism of a particularly diseased sort. This came out of Reich's department? They're desperate. Doug -- Doug Henwood Left Business Observer 250 W 85 St New York NY 10024-3217 USA +1-212-874-4020 voice +1-212-874-3137 fax email: <[EMAIL PROTECTED]> web: <http://www.panix.com/~dhenwood/LBO_home.html>
