Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Elroy who wrote (315555)	12/14/2006 11:20:12 AM
From: Taro	Respond to of 1574430

LOL Taro

To: Elroy who wrote (315555)	12/14/2006 12:08:03 PM
From: Road Walker	Read Replies (3) \| Respond to of 1574430

re: I think wages for labor in the US will decline from here because globalization of the past 10-15 years has lowered the cost of labor. My understanding is it's basically due to China and India entering the ww labor market. I think that phenomenon is going to continue to pressure US wages for labor for our lifetime. Depends... a couple points- At some point protectionism might replace globalization With imported products you have the additional cost of shipping and delivery time, and intangible costs of distance supervision. With advanced manufacturing (robotics) the cost advantage of overseas manufacturing may decline or go away. (Why does Toyota build Camry's in KY instead of China?). As third world countries progress, their wages will rise, making them less competitive. Most service jobs can't be exported; Taro can't get a worker in China to mow his lawn. "Information workers" are probably under the biggest threat, not labor. Data flows much faster and cheaper than container ships. As third world countries (is China a third world country anymore?) get more prosperous, they should start to import more of our domestic products... assuming their protectionist policies get more liberal. That's just a few reasons why "labor in the US will decline from here" is anything but certain. If you manage the supply and demand with an immigration policy (almost ANY immigration policy) then the corps will have to open their pocketbooks and spend some of those record profits on the people that are creating them. And if you start shrinking the middle class in this country, then the "American Dream" is over. The "Great American Experiment" failed. That's a very sad, sad thing, if you truly believe it. Almost treasonous, certainly unpatriotic. John

To: Elroy who wrote (315555)	12/18/2006 4:46:30 PM
From: tejek	Read Replies (2) \| Respond to of 1574430

I think wages for labor in the US will decline from here because globalization of the past 10-15 years has lowered the cost of labor. My understanding is it's basically due to China and India entering the ww labor market. I think that phenomenon is going to continue to pressure US wages for labor for our lifetime. However, if you know someone that needs work, Taro apparently pays through the nose to have his San Diego lawn tended, so send them his way. While that may be all well and good, globalization seems to have had very little impact on the wealthy in this country. In fact, upper mgmt. salaries have been growing by leaps and bounds. I don't understand why globalization is not effecting their salaries.