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

To: Elroy who wrote (315721)	12/15/2006 6:37:51 AM
From: Road Walker	Read Replies (1) \| Respond to of 1574489

re: All your points are correct, but they serve to lessen the rate of equalization, and make the final rate somewhat less than 1 to 1 - they don't all out prevent it. Nevertheless, IThe US has been so wealthy for so long, and the equalization process is relatively slow, and China and India (2 billion people) are so huge, and so much below the US on average economically, that the trend (labor's wages in the US declines while in those two countries is increases) will go on for a while. Its just market forces in action, I don't see how you resist it. An improved standard of living for India and/or China doesn't preclude an improved standard of living in the US. It's not a zero sum game.