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To: Bobby Yellin who wrote (4791)	12/26/1997 10:50:00 AM
From: The Vet	Read Replies (2) \| Respond to of 116753

Bobby, I have spent some time in Hong Kong and the surrounding countries and I have a feel for the business and work environment. What everyone must realise is that there is no social security or support for those people. They MUST work in order to live and once an economic melt down occurs the price of their labour simply drops until they get a job just to eat. Hong Kong unemployment levels have been under 2% for most of the last decade and anything higher than that is considered a major slump. What is different now is that with the higher levels of education and skills that they now have we will end up having a supply of highly skilled labour on the market at coolie pay rates. It will be interesting to see how the US service sector can compete when the multi-nationals realise that they can provide the same skills out of Asia for a fraction of the wages and overheads they are now paying in North America..

To: Bobby Yellin who wrote (4791)	1/8/1998 3:30:00 AM
From: Ronald P. Margraf Sr.	Respond to of 116753

Hi Bobby, Remember one thing. Labor might be cheap but it doesn't mean it is productive. It is like anything else. If one man is getting 10$/hr and produces a 1000 pcs., and you have 10 men producing the same amount of pcs. for 2$/hr., what is the bottom line. Productivity is the key. Europe, Asia, Latin America, you name it isn't as productive as the US. In time the jobs will come back because it will be cheaper to do the work here then there. Remember, 15-20 yrs. ago productivity here in this country is not what it is today. Factories where old, unions where strong, labor was outragous. Now unions are weak, productivity is strong and the factories that where built overseas are starting to get old. What is one to do? Update the inefficient factories there or build new ones here with tax breaks. Higher more productive workers in this country and go with the flow. Previous democratic senates and congresses made it expensive for companies to continue to do business here. Unions had companies by the throat. So they left. Now the atmosphare has changed. This is the place to do business. Built your factories, hire the folks. Like the movie. Build it and they will come.;-) Ron