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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 (65375)7/6/2006 12:31:18 PM
From: GST  Read Replies (1) | Respond to of 110194
 
Incomes have been soaring in China. Your view that "wages" will go down is not consistent with the transitions going in in the global economy. There is a glut of unskilled labor and a shortage of people with skills. If Americans are in the skilled camp they will do ok. Unskilled Americans will live like unskilled people in other countries. The issue is no longer where you live, it is what you have to offer in skills and experience.


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