Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (315620)	12/14/2006 3:48:14 PM
From: Elroy	Read Replies (3) of 1574524

Which is a real problem. If that happens, then who is going to buy the Big Macs, much less the cars and the big screen TVs? If you restrict a decent income to only those who have investment income, then the whole global economic machinery grinds to a halt pretty quickly. And then the investment income goes away... Well its not like worldwide wages equalize over night. If Americans make $80k per year and UAE laborers make $5k per year, they gradually head toward each other. Or more likely the American $80k job turns into a Mexican $10k job. But the process is a slow one until equilibrium levels (whatever they may be) stop the job transfer flow. But since Americans today are at the top end of the worldwide pay scales, the wage pressure has got to be down, not up.

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