<br><br><div><span class="gmail_quote">On 1/13/06, <b class="gmail_sendername">Donovan Arnold</b> <<a href="mailto:donovanjarnold2005@yahoo.com">donovanjarnold2005@yahoo.com</a>> wrote:</span><blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">
<div>Stephen Cooke writes:<br> <br> <pre><tt><span class="q">"Wages can increase at the rate of productivity increase<br>for either a company or a nation without causing inflation."<br><br></span>Since Wal-mart stock (value)has declined, should wages also
<br>not decline at Wal-Mart, based on your economic model Stephen?<br><br>Stephen, are you willing to state that requiring all employers<br>in Moscow to pay the livable wage of $10 an hour will not cause<br>inflation?</tt>
</pre></div></blockquote><div>No. <br><br>But indexing the rise in minimum wage to yearly estimated productivity gains would not in fact cause inflation.<br><br>-- ACS<br></div><br></div><br>