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From: mjk@tty3b.UUCP (Mike Kelly)
Newsgroups: net.politics
Subject: Re: Wage Rates: Unions, Minimum Wage Laws, and Employer Oligopoly
Message-ID: <595@tty3b.UUCP>
Date: Tue, 5-Feb-85 15:54:26 EST
Article-I.D.: tty3b.595
Posted: Tue Feb  5 15:54:26 1985
Date-Received: Thu, 7-Feb-85 04:15:45 EST
References: <811@ratex.UUCP> <593@tty3b.UUCP>, <1080@amdahl.UUCP>
Organization: Teletype Corp., Skokie, Ill
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 >From: gam@amdahl.UUCP (gam)
 >The point is not to show that unions are "bad", but that if unions
 >insist on establishing minimum-wage requirements (when the minimum
 >wage is is above equalibrium), the consequences are that some people
 >will be unemployed.
 >
 >This is fact, not economic theory.

The consequences are such only if capital is allowed to
define economic fact.  Unemployment is a poltical problem, not an
economic fact.   That it remains is evidence of lack of
political will to solve it. 

Mike Kelly