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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (286305)	5/1/2006 4:22:56 PM
From: Elroy	Read Replies (1) of 1577231

You seem to be backing off of: "The bottom line is that the poorest person on the globe is as entitled to be in the race as those you want to "protect"." I don't think so. Anyone who can get themselves wherever the money is is entitled to earn it. And corporations owe it to their shareholders to move their operations to where costs are lower. What have I backed off from? Where we differ is that you are thinking horizontally and I'm thinking vertically. I see. Actually, no I don't. What do you mean by that? I don't disagree that the laborers in Dubai should make more money... but the roadblock to that is the people who are paying them, not an overpaid US worker. No, the roadblock to Dubia laborers getting more money is all their compatriots back in their home country that want to come to Dubai and get the same wages as the current Dubai laborers. When supply of laborers is huge, there's little incentive to raise salaries. Manual workers contribute to our GDP, they should share in the cash flow. Instead of giving the CEO of XOM a $400+ million retirement package, give him a $10 million retirement package and spread the other $390+ million around to the lower paid workers. I agree the CEO shouldn't get $500m retirement package. Whether the $390m savings should go to the workers or to the shareholders is up for debate. If the workers get paid at market rates I would say the $390m savings goes to the shareholders (dividend time!), not the workers that are paid the appropriate level. And.....unfortunately it's usually the CEO who has the power to implement that plan, and what do you know, he doesn't! I wonder how the Japanese and Korean auto companies are opening plants in the US while the Ford's and GM's are moving manufacturing south of the border? 1. The Asian companies are not unionized in the US. 2. The Asian companies basically had to set up domestic plants or Congress would slap tariffs on imported autos in the same way that they did steel a few years back. Anyway, what exactly is the policy change that you defenders of the US middle class salary level are advocating? Never mind, I gotta go to sleep......:-)

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