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View Diary: The Republican Party's transparent agenda of class warfare (107 comments)

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  •  Iron Law of Wages (4+ / 0-)

    What the Republicans are doing is simply putting into practice what David Ricardo argued back in the 19th century.  He put forward the "Iron Law of Wages:"  that over time, the wage level would fall to that of subsistence.  This is case of what party sees as a bug to be fixed; the other sees as a feature.

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