Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ann Corrigan who wrote (42599)	12/6/2003 6:50:05 PM
From: elmatador	Read Replies (1) of 74559

<<outsourcing their jobs offshore>> the salaries in OECD countries are artificially high and taxation is also high. But the 'cost US', the cost of being based within the jurisdiction of the US territory is extremely high. Too many 'rights for this' and 'rights for that'. They have to come down to the level of the foreign countries for jobs stop migrating overseas. Deflating salaries inside the US is not difficult. Government must deflate accordingly. This because foreign countries can pay less to their workers since the works don't have to support a gigantic government the size of the Washington. There's no country out there spending USD400billion in "defense" at tax payers' expense.

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