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

To: mishedlo who wrote (45663)	12/11/2005 8:29:25 PM
From: skinowski	Respond to of 306849

Under Delphi's latest wage proposal, factory workers would earn around $12 per hour, down from the current average of $27 per hour. Some proposal... I think it was also predictable - once globalization picked up pace. From what I see, there is very little pressure on employers to increase wages. This makes inflation in prices unlikely -- what will have to happen instead, is a decline in spending.... which would lead to a contraction. Not a pretty picture at all. Some years ago, I thought that Mexico would become a big deflationary factor in US and Canada under Nafta. Interestingly, that never happened.