Monday, November 28, 2011

why don't firms cut wages faster these days ???

we have all this slack and yet prices on complex  products and services are not dropping
because the wages paid their producers aren't dropping

so cut wages at least right ???

right ????

will a micro  model of the firm 
that explains rationally
  this no wage rate  cut policy
by  corporate amerika
despite  a sea of idless around them
 please step forward

oh come  now   don't be shy  step right up here