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.
Strategies & Market Trends : Asia Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ron Bower who wrote (8060)2/22/1999 12:55:00 PM
From: peter michaelson  Read Replies (3) of 9980
 
Ron:

I've always thought that if Unions had not demanded better wages, then the market for manufacturer's goods would have been one tenth the size it became.

This is in agreement with Steve Roger's point - that if poorer people had more buying power (if buying power were more evenly distributed) then lack of demand and excess capacity would not be a problem.

It is ridiculous (and it will in the future be ridiculed) that excess capacity is a problem in a world where 50% of people live in dire poverty.

If Asian wage earners made double what they now make, the prices of goods would not rise much, yet the buying power of millions would increase substantially. I have estimated that there is $1.50 of labor cost in a pair of Nike shoes.

Regards, peter
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News