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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (343764)7/20/2007 2:13:32 PM
From: Road Walker  Read Replies (2) of 1574006
 
re: the Dow is up because of boom conditions in the rest of the world, not the US.

Actually the Dow is up because corporate profits are up, a lot. And corporate profits are up because labor costs are flat or down in comparison to revenues. Same with tax revenues; they are up because of corporate profits.

Bottom line is that workers are not participating in the growth. The current young folks are the first in a long time that will be poorer than their parents... at the same level of work and experience.
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