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

To: Elroy who wrote (315539)	12/14/2006 9:10:20 AM
From: Road Walker	Read Replies (2) \| Respond to of 1574302

re: I think all of the people in the US are doing really, really well compared to the people in the rest of the world. ALL of the rest of the world, or the average? re: As for US labor their wages are probably going to decline for the rest of our lifetime. There's no way to get around the affect of globalization on the value of labor worldwide - it costs less. "Globalization" has been on the increase since WWII but for most of that time labor in the US was doing better, on average, most years. US corporations (as represented by the S&P 500) have been setting record profits over the last six years. Not by incremental amounts, but by huge amounts. But workers wages haven't kept up... unlike other times of profit expansion. Legal and illegal immigration is at least partially responsible for that. So you want to give up on the American dream of a vast middle class... and have America "like the rest of the world". I'm not ready for that. John