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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: BubbaFred who wrote (42696)	12/7/2003 10:21:54 PM
From: elmatador	Respond to of 74559

<<is it time for importing a deluge of cheap labor force?>> a.k.a doing an elmat. The deluge of imported cheap labor is good. US capitalizing in its strong institutions. Shaking up those smug babyboomers whinners out of their smugness. Europe would have to follow suit. Perhaps even Japan would adhere to the fashion. But that is not going to fly: One man one vote, remember? So those old foggies have the majority and are using the tyrany of the majority to manacle the US economy. This way, capital will fly and economic center of gravity will move It is unstopable!!!

To: BubbaFred who wrote (42696)	12/7/2003 10:49:21 PM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

>>is it time for importing a deluge of cheap labor force?<< The USA welcomes many, many thousands of immigrants every year. These people are not "imported" as you put it - they come here voluntarily, for the same reason that immigrants have always come here - for a shot at The American Dream. One of the most interesting economic outcomes of this flood of immigrants is that, while many of them begin their working lives here as "cheap" labor, they are not required to remain so. There is a great degree of social and economic mobility in the USA, and the history of US immigration is of successive waves of immigrants becoming solidly integrated in the US middle class over one or two generations. I have made this journey myself, and I regard it as a wonderful opportunity and privilege.