Re: Re: Re: Re: Re: Re: Re: Re: My Take on Competition

[Michael Perelman]

Again, IP is not the sole determinant.  You might say, if you were to imagine an
IP-only explanation, that it fueled the stock market boom, which allowed wages and
profits to both increase.  Again, we don't have the data, but the rising wages
would be consistent with a higher rate of exploitation.

Doug Henwood wrote:

> Michael Perelman wrote:
>
> >I have never denied the effect of the weakening of labor.  I am
> >merely stating that
> >IP represents an additional force, which is becoming stronger, just
> >as capital may
> >have pushed labor down in the US as far as it can go  -- the last thought is a
> >speculation, not even a firm belief.
>
> One point: real wages in the U.S. are up over the last 5 years. If
> anything, intellectual property restrictions have tightened over the
> same period. Wuzzup?
>
> Doug

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]