Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (84154)	4/3/2002 3:28:13 PM
From: Ahda	Read Replies (1) \| Respond to of 117064

Our cost of doing business here is expensive the legal end alone creates as much nothing as it attempts to do something. Perhaps in its subdued way that end of our business structure has been the driving force in wage inflation as our technology sure has been the saving force.

To: long-gone who wrote (84154)	4/3/2002 3:53:41 PM
From: PAUL ROBERTSON	Read Replies (1) \| Respond to of 117064

and they say Japan could never happen here. It already is. An official and or unofficial devaluation must occur on the yen and eventually the greenback. The yen will likely have to be devalued to a much larger degree due to the relative value of the currencies in its sector of the world. 200-250 yen to the buck is not out of question. The greenback is a 30% situation in of itself. What happens when China starts to get pissed because of a 150 yen to buck and they start threatening devaluation of the yuan. All this talk of ME problems etc...is nothing but icing on the cake for golds value as far as i am concerned. Party is just getting started. Good buying opp today and tomorrow morn.

To: long-gone who wrote (84154)	4/4/2002 9:50:44 AM
From: Bill Jackson	Read Replies (1) \| Respond to of 117064

long-gone, In time this will all equalize out. When I started in the import biz in 1980 a worker in Taiwan was paid $25 US per week, often less. Now they get $400 and taiwan loses jobs to China in the same manner. Bear in mind, these jobs in China are not slave wages at all. The workers there have lower costs at all levels than we have here. The social structure differs as well. Medical is free and the extended family looks after people in their old age and they live at a higher population density than we doo and consume less than we do. A lot less consumer economy(restaurants, etc) There are good jobs and bad jobs, for both the person and the economy. A good job for a person can be a bad job for the economy. Look at all the autowrkers jobs lost through excess wages paid to autoworkers over the past 40 years!! What do you think fuld the import car boom? price as well as quality. US workers were greedy as well as lazy and careless = jobs lost to the economy. Why do the unions do this? The ones with seniority drive it as they will not get laid off. That burden falls on the newer/younger worker. So a highly paid job is bad for the economy even as it is good for the worker. especially evil is the highly paid worker who is not very well trained or skilled. Autoworkers are in this category, since their jobs can be done by anyone with little training....thus are sought after. The only thing that has aved many autoworkers from being laid off it the high cost of car freight from Japan etc. That adds a few thousand bucks to each car imported, plus the duty. Now the UAW speaks about the Mexican autowrkers as if they like them and simply want them 'protected'. In fact they want the wages in mexico to rise to US level and the Mexican jobs will go away. We do not have competition in union shops. Ideally you should be able to have 2 unions compete for your jobs and the union with the lowest wages would get your jobs. Nope, it is a monopoly and once you shop is organized the union then tries to extort max wages, and the company moves. Buffalo NY was killed by unions. To this day new business will not locate there since they know they will soon have union agitators knkcking on their doors. It is so bad they are actually losing population. And the unions are mob run in Buffalo. A friend of mine had a pension...so he though, but the union 'loaned' the funds to a fake business, which went broke = zero pension. Well, enough rant. We need these systems in other countries to moderate. We also need right to work laws everywhere. Bill