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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (52955)	2/7/2006 3:02:44 PM
From: Ramsey Su	Respond to of 110194

federalreserve.gov unchanges. I think the market is expecting more. consumers finally throwing in the towel?

To: mishedlo who wrote (52955)	2/7/2006 3:11:16 PM
From: GST	Read Replies (5) \| Respond to of 110194

<US wages certainly are not going to drop below wages in China, or India or Brazil or any place like that.> There is no reason why wages in the US cannot fall below those found in China, India or Brazil -- most particularly for work requiring advanced education. It is already the case that many skilled jobs go offshore because the US lacks competent individuals with highly developed skills. A "guest worker" in Silicon Valley already makes more than the average American. In the future they will not need to come here at all. Their incomes will reflect what they are capable of producing and in the context of supply and demand for their talents and services. There is nothing -- nothing - to say that incomes in the US must continue to be higher that incomes in other countries. People will make what they earn -- and many people in China and India might well earn more. This will not eliminate their own underclass, but it is very possible for their middle class to rise above our middle class in income.