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

To: GraceZ who wrote (8261)	1/20/2003 8:36:43 PM
From: Elroy Jetson	Read Replies (4) \| Respond to of 306849

The alternative to less expensive labor coming here is companies leaving the US, which has a much worse macro effect. I don't agree with this statement. The social structure of the US is designed to match the average income. You can't afford to pay for American style freeways, hospitals and other amenities when an increasing percentage of the population earns Third World wages. Their share of social benefits cannot be paid out of their wages. Businesses and wage earners who not not benefit directly from cheap guest workers subsidize those businesses which operate on this basis. People working for US companies in Third World nations live with fewer social amenities supported by their income level. England faced this problem long before we did. This realization led them to end the right of automatic Residency in England which had been available at one time to all UK Commonwealth citizens. America chooses a mix of either: a.) maintaining free markets with a move toward Third World social amenities here in the US, the Bush approach; b.) choosing the model of Switzerland with regulated borders, higher costs, higher wages, and a higher level of amenities. Switzerland lacks the dynamic hubbub and zest of most Third World nations, but most Swiss don't seem to mind. They can go there and visit on holidays.