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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: el_gaviero who wrote (15464)	6/18/2004 3:14:56 PM
From: Knighty Tin	Read Replies (1) of 110194

el, It looks like the average American is going to suffer from "reversion to the mean" on global labor costs. Yes, India, Mexico and China will see wages rise and approach the mean, but the US has and will see wages fall toward the mean. The continued weakening of trade unions is allowing this to occur even faster than anyone would want. I regularly hear folks say they were laid off from a $150,000 job and were able to find a $35,000 job. That doesn't work well when you counted on that $150,000 to pay off your adjustable mortgage.

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