Arrow-right Camera
Go to e-Edition Sign up for newsletters Customer service
Subscribe now
Opinion >  Letters

Figure costs from bottom up

The Spokesman-Review

Bodhi Densmore (“Minimum wage no answer,” Letters, Jan. 4) sounds like a “That’s all the job is worth,” Reagan Republican.

Productivity is an abstract term with no standard of measurement, accounting or price. Just who are so unskilled or lacking ability they can’t flip burgers, make pizza or wash dishes for $8.55 per hour? A wage roughly half the purchasing power of the dollar-per-hour minimum wage of the 1960s.

The cause of the poverty cycle is calculating costs from the top down: “trickle-down economics.” We once had a system that calculated costs from the bottom up. It was parity introduced in World War II which brought us out of that war a creditor nation with the world’s strongest economy. Agriculture Secretary Ezra Taft Benson of the Eisenhower administration killed parity; we’ve been borrowing our way to prosperity ever since.

Business principles are not economic principles; the shortage of earned income goes full circle. For every dollar robbed from labor (who is the consumer), five dollars of trade turn is lost and one dollar of profit is lost.

Swede Little

Mullan, Idaho


Letters policy

The Spokesman-Review invites original letters of no more than 250 words on topics of public interest. Unfortunately, we don’t have space to publish all letters received, nor are we able to acknowledge their receipt. We accept no more than one letter a month from the same writer. Please remember to include your daytime phone number and street address. The Spokesman-Review retains the nonexclusive right to archive and re-publish any material submitted for publication.

Send letters to:
Letters to the Editor
The Spokesman-Review
999 W. Riverside Ave.
Spokane, WA 99201

Fax: (509) 459-3815
Questions?: (509) 459-5430