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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (309)10/19/2000 10:14:11 PM
From: AhdaRead Replies (1) | Respond to of 24758
 
Don't believe all these clowns who think full employment is bad. This is posturing by some and a show of stupidity by others. The theory is that in full employment wage demanders will successfully sue for inflated wages. That theory fails because the US has not hiked trade barriers to protect America from competition and enable unions to succeed in inflating wages. That theory will work when there's world wide labor compensation parity which 5 years ago I estimated would occur by 2007.

I am confused as you are speaking in terms of manufacturing and less paying service industries where i am seeing more difficulty in getting people in the thirty thousand above bracket.
If I have read you wrong I am sorry, but you can't import or export work load to fill those vast holes in numerous businesses.



To: ahhaha who wrote (309)10/20/2000 2:54:30 AM
From: gpowellRead Replies (1) | Respond to of 24758
 
The theory is that in full employment wage demanders will successfully sue for inflated wages. That theory fails because the US has not hiked trade barriers to protect America from competition and enable unions to succeed in inflating wages.

What do you think of Paul Krugman’s thesis that real wages for unskilled workers have declined due to automation?