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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (20748)10/27/2004 6:54:15 AM
From: Wyätt Gwyön  Read Replies (1) of 110194
 
will be quite a long time before they catch up with US worker pay, and quite a long time before a deflationary trend towards outsourcing US workers will end.


what you're missing is that this 40% increase is not going to workers who will be displacing current American productive workers (of which there are very few); the pay raise is going to the productive people who ALREADY make the stuff you buy in WalMart. so you're going to be paying more for it.

in the real world outside of Wall Street, this sort of thing is called inflation.
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