Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (62448)	4/22/2005 9:46:55 PM
From: BubbaFred	Read Replies (2) of 74559

About the under $2 labor cost for car manufacturing in China, and the weak labor unions - That's a decent salary in China. If wages go up and there is no commensurate wage rise in other industries, then many students want to forgo their high school and university studies and go get high paying jobs in the manufacturing industries. It used to be that way in US, when someone wears that shirt with "General Motors" logo, he became a big shot of steady job and good pay. In today's US, some labor unions are getting desperately weaker due to alternative bankruptcy, such as in the airline industry, United Airline. Teachers' unions in US are still doing pretty decent although they have to settle for less pay raises in a "low inflation" environment but rising food and energy prices.

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