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To: SOROS who wrote (1698)1/30/2000 10:14:00 PM
From: Sully-  Respond to of 35685
 
I can make $8.5 an hour to start, working at a local Burger King. They will give me a raise after 30 & 90 days if I stick around. FWIW, the starting wage of $8.5/hr is almost $18k/year. I live in a suburb of Pittsburgh PA where the cost of living is considerably lower than most medium/large urban areas. Our unemployment rates have consistently been above the national average for years.

Are you saying that most US employees work for less than my local Burger King pays? Hmmm, there's an industrial park in the area of that Burger King. I guess they pay their employees lower wages to get the average down, right? (um, I don't think so) I wonder what Burger King pays in Downtown Pittsburgh? Hmmm, my sister is changing careers & wants to get some training to make this move. She signed up for a temp employment agency & they are paying her $9/hr & they are providing her the training to boot. My nephew, who is attending community college, will earn close to what you cite as the national average working 3 to 5 days a week (doing inventories of businesses). How can our wage rates for unskilled workers be so high while we have a lower cost of living & higher unemployment rates than most areas of the country?

Me thinks your average income statistics are flawed. Is that $18k+ for every man woman & child in the USA? Can you provide a link to this information?

One more thing. Where are these doom & gloomers when the market is going up? Why haven't these scary scenarios & statistics already dragged the US economy down? Heck, even if these $18k folks have been managing to push the economy along by pyramiding debt, wouldn't that have caught up with them by now in this economic boom?

How does QCOM manage to collect dramatically growing royalties if the mighty USA is generally so poor, destitute & swimming in debt? Is every single one of the financially "blessed" minority buying 15-20 handsets, 4-5 computers, 7-8 TV's, etc., etc., etc. How does the rest of the world even manage to feed their citizens then?

Something is not adding up.

w2