SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Conan who wrote (8197)1/17/2003 6:50:25 PM
From: GraceZRead Replies (1) of 306849
 
a great example of how the extremely well off people in this country do everything possible to increase their great wealth.

Do you really think it's unique to wealthy people to try to increase their wealth? The very foundation of the capitalist system is that people are motivated by money to improve their situation, to work harder and to do things that give them an edge over the next guy.

Cheap imported labor depresses the wages of the least skilled people in the US who might compete for these jobs if the wages were higher.

You could have written this in 1900 when my paternal grandparents arrived. Many said the exact same thing. Yet my father enjoyed a standard of living far above what my grandparents did and I enjoy a standard of living far above my father's. The poorest 20% of our society has a standard of living that is considerably higher then some of the wealthy had 100 years ago and a far better standard of living then the middle class from 50 years ago.

Now I know I'm going to hear from a bunch of revisionists about how great the fifties were....anyone who thinks this never needed a heart transplant or spent an afternoon with an old ringer washer or had to drive from NY to CA.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News