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Gold/Mining/Energy : Precious and Base Metal Investing

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To: pater tenebrarum who wrote (760)12/8/2001 2:02:12 AM
From: Don Lloyd  Read Replies (1) of 39344
 
hb -

Nice to see your posts again.

...and yes, it is of course true that SA inflation rates remain well above comparable industrial nation inflation rates, but the wage increases for the miners have been consistently exceeding the SA inflation rate since at least 1988. i expect this trend to continue, especially as the mining companies can easily afford these wage increases. ...

Would you judge that the local purchasing power increases of mine wages over that time lead or lag increases in unit labor productivity?

TIA, Don

BTW - If and when time and interest allows, I am recruiting intelligent criticism ( or mild interest, for that matter -g- ) for this subject -

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