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Old 8th Mar 2005, 20:34
  #140 (permalink)  
Pass-A-Frozo
 
Join Date: Mar 2001
Location: Brisbane
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HIALS:

Thanks for keeping it civil

I'm glad you posted that extract from a text. It explains precisely what I have been explaining.

That an increase in wages (whether union forced or not) has an negative impact on levels of employment. The end of the text simply states that while this relationship is true, it is not the only factor relating to supply. I've never claimed it was, however the relationship between wage levels and employment still remains true.

Particularly say if the market was at equilibrium when a wage shock hits the system (say from a union "bargaining" for a 28% wage rise and using threats such as go slow / strike action).

By the way, I suggest you learn to spell, before you start applying for jobs,
Ahh.. true.. we all have our weaknesses.
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