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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (8115)	1/15/2003 12:04:07 PM
From: tony	Read Replies (1) \| Respond to of 306849

German real estate prices are 15% BELOW THEIR LEVEL IN 1995. just imagine what kind of shape the US would be in if that occurred here. We will be there eventually if we hire people on L1 and move all jobs that uses computer and phone to India and China. I am not talking manufacturing jobs.

To: Wyätt Gwyön who wrote (8115)	1/15/2003 1:04:02 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

Yet over and over again you have people complaining that we don't have the same employment benefits that the Europeans enjoy. People can see how rising employment cost has had a terrible effect on the German economy yet the labor unions here still want to sue for higher wages. Look at some of the strike settlements we've had in the last two years, in the middle of rising unemployment and a recession. Jobs have a market value. As an employer I paid people slightly more than the market rate simply because churn was more costly than paying them a bit more. No one running a company can afford to pay people more then what they can get an equal replacement worker regardless of whether that employee is here or in some other lower cost country.