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To: Elroy who wrote (64464)	9/11/2003 1:05:57 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77397

its hard for an economy of any kind to deal with that kind of wage deflation Elroy. I'm not saying it isn't right. Because the higher classes will of course benefit from the deflation of labor costs, so you will have 2 poles, very very rich and the struggling. Steve Harmon said Carly Fiorina should think twice about offshoring all the HP jobs because the Satyam CEO only makes 85K/year. Can't really argue with that. BTW I noticed a special on this topic on CNN Lou Dobbs tonight so the realities of this are becoming more clear.

To: Elroy who wrote (64464)	9/11/2003 9:45:27 AM
From: willcousa	Respond to of 77397

Don't forget that some of the jobs lost were bubble jobs which should never have been created in the first place.

To: Elroy who wrote (64464)	9/11/2003 11:37:44 AM
From: RetiredNow	Read Replies (1) \| Respond to of 77397

Hi Elroy, I'd say look at the CEOs first before you start looking at line level managers and staff. The CEOs are raking in MORE money than they were 3 years ago. How is that possible? I read a study recently that showed that the top 5% have INCREASED there wealth in the last 3 years while the other 95% have lost wealth. Again, how is that possible? I'll tell you how. It's because the CEOs, like Grasso of the NYSE, are raping this country and then firing the line managers and staff to pay for it.