THE WORLD SPIRIT - Part 2:

Studies of Economic Change

BEGIN:
Preparation

Chapter 1:
Assumptions

Chapter 2:
Demography

Chapter 3:
Unemployment

Chapter 4:
Worst Case

Chapter 5:
Life Cycle

Chapter 6:
Wage Spiral

Chapter 7:
Labor Demand

Chapter 8:
Labor Market

Chapter 9:
Inequality

Goals and
Measures

Conclusion/
Others

Chapter 6:
Wage Spiral

» Low Wages

» Graphic

SUBCHAPTER

Low Wages

Low wages require low wages

- Impoverishment with full employment (at the best) due to low wages -