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: bentway who wrote (38926)8/25/2005 4:28:45 PM
From: David JonesRead Replies (1) of 306849
 
>>>>Do you see wages increasing as fast as housing prices have in the next few years?....High actual unemployment puts downward pressure on wages<<<<

Why not?
This story of 11 thousand wanting to work for Wal-Mart in Oakland California, doesn't mean there's eleven thousand out of work. They want the offered wage plus the 'location' where they can obtain that wage. I'll stake ya that greater part of that eleven thousand already have jobs. Oakland is a minority inhabited city many many there are already earning a low wage plus having to commuting to obtain that low wage. What it really shows is the lack of work in that city. Not some annotative evidence of nation wide or area wide unemployment.
So it's my contention that we are in a low unemployment environment. As I recall five percent unemployment is virtually everyone that can work is because five percent are always out of work for reasons that have nothing to do with finding a job.
Ok so crap like tv's, plastic spoons, whatever, is getting cheaper but not necessities gas, food, etc. When the one ceases to of set the other people will cry for more money. And we'll see wage inflation and housing prices heading for the norm.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News