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

To: combjelly who wrote (315624)	12/18/2006 6:45:31 PM
From: tejek	Read Replies (1) \| Respond to of 1574577

"Well its not like worldwide wages equalize over night." True. But once wages in the US drops below a certain threshold, then the whole house of cards comes apart. And that can happen pretty quickly. A declining middle class, especially the one that has been the driver of the world economy for more than half a century, is not something that is to be considered desirable For 50 years, we have been able to maintain our standard of living through productivity improvements, invention and other means. During that time, other economies have climbed up the economic ladder and joined us near the top. I am unclear why this process is about to change now.