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To: Rarebird who wrote (38989)	8/14/1999 9:11:00 AM
From: Bobby Yellin	Respond to of 116922

I lost my link to a great site in england that has a lot of commentaries by different people in different fields..I was quite pleased when I read one of those that shared my view re job creation- I had posted it but can't find it.(if anybody knows the link I would appreciate if they could post it) After the prior recession a lot of people found new jobs at much lower salaries. Yes there has been great job creation but I think only a small segment in specialized areas re high tech can demand fantastic wages. I have not been able to find statistics on what the average salary is when you factor out the low five percent and the five high percent. I have read that the average salary is 13.25 an hour based on a 34+ hourly week. I for one think that the wage increases are mandatory for the economy to keep on moving. I don't see how a family can get by on $13.25 an hour. The wealth effect has come about through capital gains..not thru wages. Also heard that most small businesses fail..so many people are starting their own small businesses.. Merger mania hasn't stopped. Have you been reading how many people are getting laid off? In this highly competitive economy,companies are being forced to merge to remain competitive..even if they don't want to. Yes I read that personal bankruptcies are down.. Yes the low interest rates are helping people have much lower interest expenses than in the eighties Influx of goods from china etc is making it possible for the consumer to buy more goods but because so many corporations are using foreign workers, it just doesn't that great for the average worker here