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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Hawkmoon who wrote (2559)	9/5/2000 10:13:20 AM
From: Sam	Read Replies (1) of 3536

<<Wages improvement will actually lower product prices due to obsolescence and replacement theory.>> Perhaps we could call that the "Ford Paradox", or perhaps the "Ford Curve", after Henry F/ who, aside from the assembly line, the Model T, and his many pronounced politically incorrect prejudices, is probably most famous for raising his workers' wages to induce higher productivity and profit for his company. Mr. Greenspan & Co. should take note. There are two different environments in which rising wages occur--one of them is the good kind which accompanies rising productivity, the other is the kind where they are just validating and playing "catch-up" with inflation.

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