True, but on the other hand, if we continue sending all our work overseas, then we have a situation where we cannot afford these goods, resulting in more and more unemployment AND less money for the governments to spend because they're taking in less money which results in less city services, which lowers the quality of life, etc..
Not good either and I'll be the first to admit that I don't have a good answer. I wrote an article a long time ago when I was losing everything about how the overseas standard of living is going up and ours is going down and somewhere they will meet at a similar level, and after thinking about it, I still don't have a good answer. Virgil Bierschwale http://www.tccutlery.com http://www.bierschwalesolutions.com -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Stephen the Cook Sent: Wednesday, November 15, 2006 8:31 PM To: 'ProFox Email List' Subject: RE: [OT] It's the economy, stupid Pete Theisen <> wrote: > On Wednesday 15 November 2006 18:55, Ricardo Aráoz wrote: > > <snip> >> Am I missing something? > > Hi Ricardo! > > Well, yes you are. The wages will go up if they can only hire > American and sell American. But the high wages in this eventuality > are paid to Americans so the Americans will be able to buy the higher > priced goods and services. -- Sounds like you are way off base Pete. As the wages rise so do the cost of goods. That translates to higher prices at market. You pay more. Now are your wages going up to deal with these newer raised wages? No or probably not, until your business does likewise. This becomes inflation hard and fast. Stephen Russell DBA / .Net Developer Memphis TN 38115 901.246-0159 "Our scientific power has outrun our spiritual power. We have guided missiles and misguided men." Dr. Martin Luther King Jr. http://spaces.msn.com/members/srussell/ -- No virus found in this outgoing message. Checked by AVG Free Edition. Version: 7.1.409 / Virus Database: 268.14.5/534 - Release Date: 11/14/2006 [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
