In a message dated 5/3/2006 3:09:41 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes: After such a rise in wages, prices might go up, they might go down, they might not change. A larger context was determining, not a simple two-body relationship between prices and wages.
What is this "larger context" stuff? Spooky dark matter? It frankly sounds too mystical and metaphysical. In the concrete, real, cold world of market capitalism, once costs go up eating up profits, you can be sure that prices go straight up. Cristobal Senior-Ruiz
