Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CalculatedRisk who wrote (63194)	2/2/2007 4:37:01 AM
From: Haim R. Branisteanu	Read Replies (1) of 116555

Minimum wage is over $7 for one hour work of an unqualified worker. Is the work performed by this worker, worth more than when the minimum wage was $3.5 or $2.5 ??? Personally I do not think so - all what changed is the USD (paper money) was devaluated accordingly and as such the stock market appreciated accordingly, as the value of unqualified work is the same. All those "bullish" comments and appreciation in value of financial assets should be take with many grains of salt as it seems more to be just hogwash and a way for governments to collect more taxes on those elusive capital gains People run in cirles and work hard only to maintain the value of their assets my 2 cents

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next