1996-08-13 - Re: National Socio-Economic Security Need for Encryption Technology

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From: Bart Croughs <bart.croughs@tip.nl>
To: “‘cypherpunks@toad.com>
Message Hash: efa8996b1a937212d157339d14f17294791a2a764609602d0bc9002b463527bb
Message ID: <01BB892E.FDB63BA0@groningen13.pop.tip.nl>
Reply To: N/A
UTC Datetime: 1996-08-13 19:15:02 UTC
Raw Date: Wed, 14 Aug 1996 03:15:02 +0800

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From: Bart  Croughs <bart.croughs@tip.nl>
Date: Wed, 14 Aug 1996 03:15:02 +0800
To: "'cypherpunks@toad.com>
Subject: Re: National Socio-Economic Security Need for Encryption  Technology
Message-ID: <01BB892E.FDB63BA0@groningen13.pop.tip.nl>
MIME-Version: 1.0
Content-Type: text/plain


Duncan Frissel wrote:

>In the long run, employers will bid wages up to the level of discounted
value of marginal product of the labor -- the present value of the future
"price" of the increase in output ascribable to the added worker.<

You are right. Wages are determined by the productivity of labor. But the productivity of labor in its turn is for a large part determined by the amount of capital invested. So, there is no contradiction here.

>It never ceases to amaze me that there are people in this country who
actually believe that the average American in poorer now than in 1970.  I
can only be those who were unconscious in 1970.<

I think you're probably right again, but I never said that the average American is poorer now than in 1970. Again, no contradiction here.

Bart Croughs    













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