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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: John Carragher who wrote (72861)12/26/2007 9:40:48 PM
From: Webster Groves  Read Replies (1) of 116555
 
Your assumption is that paying less produces a better standard of living, whereas most would argue that it is what you pay relative to what you earn. I submit that the average Walmart employee has a lower standard of living than the average supermarket stock clerk of 30 years ago.

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