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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: elmatador who wrote (5946)	5/1/2006 4:58:02 PM
From: Maurice Winn	Read Replies (1) of 217745

ElM, often in NZ people moan about being unable to get good people, claiming there's a labour shortage. I tell them there is no shortage of labour and ask them if they have thought of offering $100 an hour instead of $10 an hour. Of course they haven't and they don't want to raise pay rates because then they'll have to cut their profits or even go out of business. Most seem to have trouble understanding that THEY are the problem and that what they achieve as managers and owners of business is too little so they need to get a real job. The idea that inadequate managers can solve their problems off the backs of low paid people is common but in a free market soon gets sorted out. As is happening in China. Americans and New Zealanders had better enjoy their cheap Made in China products quickly because prices are going to rise, as they have done over decades in Japan, South Korea, Taiwan, Singapore and Hong Kong, which were all producing cheap things for New Zealanders and Americans [and everyone else]. Now, NZers are producing cheap things for Japanese, Koreans, Taiwanese, Singaporeans and Hong Kongese. Mqurice

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