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To: TGPTNDR who wrote (66811)	1/1/2002 10:18:55 PM
From: Bill Jackson	Respond to of 275872

T.......R, I recall when the wall fell and the trade unions all said that the wages in the eastern part of Germany had to go right to the same rates as the western part. Of course with old physical plant this meant the immediate loss of almost all the jobs in the east. Just to make the umions happy. If they had allowed the eastern area wages to gradually rise to parity with the western area this would have meant many jobs as well a lots of reconstruction of the physical plant. As employemnt rose then so would wages, but the unions feared and rightly so that it would hold up the wage increases in the western area. So the unions won and Germany lost. All socialists feel that they can manage a market better than a free market, and when they fail, they fiddle more and more until the wheels fall off. Well, if they try to 'harmonize' wages and employment standards across europe to French and German levels then the wheels will indeed fall off Europe. Bill