<div id="RTEContent"> "But indexing the rise in minimum wage to yearly estimated productivity gains would not in fact cause inflation."-Andreas Schou<br> <br> Really? Humm, I find that surprising. Especially considering that the retail market had a 48% gain in productivity in 2004 over the yearly average since 1987. I would think an increase of nearly 50% in wages in retail would cause inflation through the roof. Especially since those gains were not the result of the unskilled labor force, but because of technological and business model innovations in the retail market created by Wal-Mart. <br> <br> -DJA<br><br><b><i>Andreas Schou <ophite@gmail.com></i></b> wrote:<blockquote class="replbq" style="border-left: 2px solid rgb(16, 16, 255); margin-left: 5px; padding-left: 5px;"> <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!
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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><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> </blockquote><br></div><p>
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