SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ChinuSFO who wrote (114906)6/6/2012 9:58:22 PM
From: peter michaelson  Read Replies (1) of 149317
 
I will ignore the gratuitous Fox News comment except to say one ought not jump to conclusions. I'm about as liberal as they come. However, I am a practical businessperson.

Private sector employee costs are forced down by global competition from much lower income nations. We are in a historic age when the industrialized work force has doubled in a generation but demand has not, yet. Unless we are able somehow to suspend the laws of supply and demand, then there will be pressure on rich country incomes while poor country incomes grow. I view that as a good thing, in general.

If rich country incomes cannot grow, then you can't have one major sector (public employees) continue to have growth in income (income define broadly including pension and medical). The system becomes too far out of balance and people demand change.

That is where we are. We have a changed world and we must adjust to it. Spare me the tired old clliches, please. They will not solve the problem,
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News