From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Sat Sep 29 2007 - 09:32:49 EDT
--- glevy@PRATT.EDU wrote:
> > (2)"Focused on restoring profit rates,
> corporations
> > unleashed a brutal offensive against workers. They
> > increased productivity growth, not so much by
> > investing in equipment as by cutting back on jobs
> and
> > compelling employees to take up the slack. They
> held
> > down wages as they squeezed more output per
> person,
> > allowing them to appropriate an entirely
> unprecedented
> > share of the increase that took place in net
> > non-financial GDP." <snip>
> > If what is described in
> > (2) is true, then the rate of profits must rise.
>
> Hi again Ajit:
>
> Not necessarily: one could claim that if (2) were
> true then
> the rate of profit could still fall but not as
> sharply.
>
> In solidarity, Jerry
______________
On what grounds do you say that? ajit sinha
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