Re: Wal-Mart and Wages?

From: Mason A. Clark (masoncNOT_at_THISix.netcom.comQQQ)
Date: 07/22/04 

Date: Thu, 22 Jul 2004 19:54:42 GMT

On Thu, 22 Jul 2004 12:24:59 -0500, "Jim Blair" <jeb@wisc.edu> wrote:

>
>"Mason A. Clark" <masoncNOT@THISix.netcom.comQQQ> wrote in message
>news:b1luf0t3b6ut0mcl665c1hbt2gchp8qhu4@4ax.com...
>> On Wed, 21 Jul 2004 14:51:45 -0500, "Jim Blair" <jeb@wisc.edu> wrote:
>> in response to Mason's post:
>>
>> >>...There are notorious countries that have a strong economy as
>> >> measured by the usual GDP but pay low wages. Examples aplenty in
>Africa.
>> >> The GDP is not equitably distributed -- the god king and his family and
>> >friends
>> >> keep most of it.
>> >
>> >Which African country did you have in mind? High GDP/population but low
>> >wages.
>>
>> I've been messing around so missed this question. I have in mind any
>> nation that has a large natural resource that is being exploited and an
>> impoverished populace. Nigeria and Guinea come to mind. The oil GDP is
>> not going to the people of those countries.
>>
>> Mason C
>
>Hi,
>
>Nigeria has a percapita GDP of $800 according to the World Fact book
>
>Guinea is better at $2100, but neither would qualify as a "strong economy as
>measured by the usual GDP".

Nonsense. Who measured their GDP's? An economist probably.
The fact is that these countries have large oil deposits which
are being exploited by oil companies. This is a product not
counted in those GDP's. I was typing about the actual gross
domestic production of those countries. Being "domestic" here
means inside the national boundaries -- not necessarily used
for the domestic benefit.

    Mason C

>
>Find me one with at least $10,000 before I would call it "strong". I agree
>that neither
>of your candidates has very good distribution of that wealth, but then there
>is not very
>much of it to distribute.
>
>
> ,,,,,,,
>_______________ooo___(_O O_)___ooo_______________
> (_)
>jim blair (jeblair@facstaff.wisc.edu) Madison Wisconsin
>USA. This message was brought to you using biodegradable
>binary bits, and 100% recycled bandwidth. For a good time
>call: http://www.geocities.com/capitolhill/4834
>
>

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