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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 421.32-0.5%Jan 16 4:00 PM EST
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To: Maurice Winn who wrote (8898)9/4/2006 4:14:33 AM
From: energyplay  Read Replies (2) of 219484
 
Suppose the world runs out of any of the following -

1) Cheap skilled labor that is literate and is located near reliable electicty and cheap transport.

2) Cheap manual labor in stable countries with reasonable transportation.

3) Experienced engineers and scientists in stable countries who are willing to work cheap.

Notice this excludes places like Rawanda, Sudan, Kazakstan, etc.

Do wage rates get bid up like copper prices ?

We could get a lot of "wage push" inflation AND massive expansion of domestic markets in China, India, Eastern Europe and other places. That could be followed by another upward jump in commodity prices.

There would also be massive declines in poverty for millions of people.
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