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To: DWB who wrote (5211)11/2/2000 5:26:49 PM
From: aknahow  Read Replies (1) | Respond to of 5853
 
O.K. I will do that. What exchange rate should I use for the ruble dollar analysis?

Still think you are wrong, or perhaps kidding. The Soviet experience did not include paying people a fair wage. If they had paid everyone a million dollers worth of rubles per year they would not have needed the Gulag. I am afraid your introduction of the U.S.S.R. proves the opposite. It is a fact that rather than paying people a fair wage millions were forced to work without compensation.

I do understand supply and demand. If the minimum wage was a million per year demand would go up. Given the productive nature of people I am quite sure supply would quickly rise to meet demand. My analysis is not static. I pride myself on being able to change it quickly when confrunted with facts, presented by reasonable people who tend to agree with me on the subject of the minimum wage.