From: Allin Cottrell (cottrell@wfu.edu)
Date: Fri Sep 17 2004 - 21:27:52 EDT
On Fri, 17 Sep 2004, Gerald A. Levy wrote: > Hi Allin. I hope you've managed to remain dry today. Thanks, Jerry. We didn't have it too bad in NC today. > >> If we're talking about a tendency towards equalization of wages, none >> of the above are required. All that is needed is a tendency of >> workers to try to get out of sectors where wages are low, and to try >> to get into sectors where they are high. > > Under the marginalist assumptions of full employment and Say's Law > (and homogenous labour), such an abstract tendency is possible. I don't see what Say's Law and marginalism have to do with it. It's very simple and general concept that if workers try to do what I stated above, this will _tend_ to equalize wages -- or better, to limit the dispersion of wages (for comparable sorts of labour, natch). Allin.
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