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Politics : Ask Michael Burke

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To: RealMuLan who wrote (49986)	3/7/1999 8:36:00 AM
From: valueminded	Read Replies (1) of 132070

Yiwu Zhang / All <Because more and more companies pay their employees with stock options> Actually, you may be more correct in your later assessment of the quality of jobs. Wage inflation would indeed be low if the jobs lost were high paying and the jobs added lower paying (service sector) jobs. It would be interesting to know what the average wage of the jobs lost was vs the average wage of the new jobs. <<Our dollar is highly valued in world economy,>> <It is changing. Give it another few months.> Yeh its changing alright, daily the dollar hits new highs against the Euro and is increasing its value against the Yen. The expectations are in a few months, it will be more valuable against both those currencies. Nothing is fundamentally going to change to make Europe more competitive and we have managed to convince Japan to print money and essentially devalue their Yen. (imo)

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