But labor markets are segmented, specific, and local in most cases. Hence,
shortages coexist with abundance.
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Anthony P. D'Costa, Professor
Comparative International Development
University of Washington
1900 Commerce Street
Tacoma, WA 98402, USA
Phone: (253) 692-4462
Fax : (253) 692-5718
http://tinyurl.com/yhjzrm
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On Sat, 13 Oct 2007, Simon Ward wrote:
Date: Sat, 13 Oct 2007 23:10:33 +0100
From: Simon Ward <[EMAIL PROTECTED]>
Reply-To: PEN-L list <[email protected]>
To: [email protected]
Subject: Re: [PEN-L] Savings Glut Conundrum
Because a significant proportion of the capital is not being committed to a
productive process. Thus the proportion of capital to labour has not risen
or if it has it has not risen sufficiently to create a shortage in the
labour market. What remains is being speculated rather than utilised.
Simon Ward
----- Original Message -----
From: "Michael Perelman" <[EMAIL PROTECTED]>
To: <[email protected]>
Sent: Saturday, October 13, 2007 9:22 PM
Subject: [PEN-L] Savings Glut Conundrum
If there is a global savings glut, why does capital get such a big share
of the pie?
If finance is so abundant, why is there not great competition for labor,
bidding up
wages?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com
