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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (1426)	2/10/2004 2:18:18 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 173976

Lizzie, IT is far from gone, just a few jobs have gone. Going from a 5% shortage to a 5% surplus of workers can drop wages by 25% or more. In manufacturing the guys that make hedge clippers need to have fully automatic machines to compete with China. Low tech labor intensive stuff went first. If you make good stuff you can still make it here. Trouble is the Chinese with a huge market can make hedge clippers cheaper than dirt. Well, they now eat up so many resources that Iron, Copper, Aluminium and others are rising in price. What to do about it? Compete. Lower US wages and standard of living. We cannot be the greedy hogs of the earth forever. In time there will be a grand levelling of all wages, possibly a global currency like the Euro is in Europe. If we all got the same wages, local manufacturing would come back as freight would become a factor. Bill