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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (286299)	5/1/2006 1:39:14 PM
From: Elroy	Read Replies (1) \| Respond to of 1576881

What do you think would happen when you drag average income from your $45k down to less than $10k? Because that is where it would go. It will? Then the world economy would collapse because the US consumer aint buying nothing at $10k per year, and the Chinese therefore can't sell anything, and it sounds like a catastrophe! Unless of course the $10k number is wrong.... I can tell you what happens when a population experiences a sudden, huge drop in income. I lived here during the Bust. It isn't pretty. The Bust? Do you mean Black Monday? The Great Depression? The oil shocks of the 1970's? I know a bit about history, but I don't recall the famous "Bust" (???). When was that? So? Why should those make any more than their global brethren? What about those doctors in Bangladesh. They don't make $160k, far from it. Is that fair? What about those Chinese chemical engineers? Ok, they don't have student loans, but is it fair they only make $1k a month? Or are you going to try to restrict this to unskilled labor? If so, why? Or how? I think you think I am saying every doctor should be paid the same. I never said that. I said the affect of wage pressure on overpaid Americans due to lower paid non-Americans competing with them is good. It's a sign of productivity in the industry in questions, which makes medical services, watches, and widgets less expensive for us consumers. It's too bad for the poor overpaid American, and that bad is offset and more by the improvement in pay for the underpaid foreigner.