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To: smolejv@gmx.net who wrote (27010)	1/7/2003 12:24:22 PM
From: Ilaine	Read Replies (1) \| Respond to of 74559

>> the number of hours in US worked has been increasing << US workers have been working longer and longer hours - in 1999 70 hours more a year than Japanese workers and 350 hours more a year than European workers. I haven't seen good statistics for 2002 but anecdotally that's the way companies are handling the slowdown, by letting workers go and making the ones who keep their jobs work ever longer hours.

To: smolejv@gmx.net who wrote (27010)	1/7/2003 12:50:46 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Valuing the US$. <well, you probably mean production hour > No, I just mean a working hour, without measuring production. Just add up all the pay rates that can be identified [excluding zero such as voluntary workers]. Nobody is paid 1c per day. There's a step up to the lowest pay rates which are currently something like $1 a day = 10c an hour, for poor people in India and Africa. Then, go to the median pay rate and define that as a dollar. That's more or less what they do anyway, using goods and services as a surrogate for that. Which gets us back to that production hour you mentioned. Employers don't employ people to do nothing [intentionally], so there's no need to count their production. Leave that to the employers to worry about. Those who fail to get production will soon be out of business. On reflection, there's no reason why voluntary workers and voluntary layabouts doing nothing shouldn't be counted too. They seem economically neutral to me, just like monkeys living out there in the forest, so why bother counting them. They'll just dilute the count. Yes, on more reflection, excluded them. No money, no count. Mqurice