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

To: Maurice Winn who wrote (60868)	3/10/2005 8:04:06 AM
From: elmatador	Respond to of 74559

The biggest mistake countries do is to pay high salaries for low skills jobs. So that one taxi driver is not earning as much as an engineer. There lies the source of the destruction. Germany did that. Lets pay big money for the guy who deliver furniture. Quickly, the guy realized he didn;t have to make an effort to go to school and get higher education to earn money. As a result when the profile of the conomy chnaged, there were lots of people untrainable and not prepared to work productively in a modern economy. The Brazilians Chinese Indians and Indonesians took their jobs away for good. Free flow of capital. Free flow of goods. It's very good. Now we need free flow of people. Pay20 bucks and get the Pakistanis and Indonesians quick quick.