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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (25129)	8/25/1998 6:28:00 AM
From: robert b furman	Read Replies (1) \| Respond to of 94695

Our rates for entry level work still seem to be near the 5.15 area in good ole East Texas. This has to be such a low component of the total wage package.In U.S.A. the loss of jobs resulting from hard headed union boss refusing to accept the global impact of a more efficient workforce else where has to be a tremendous deflationary force.Sure we'll pay more for local services that can not be economically displaced.The recent G.M. strike displays this trend.Those people aren't trying to beat the inflation monkey -they're fighting to keep they're already overpriced labor - overpriced on a global basis - underpriced based on their past protected non-global pay scale. In our global world - wage inflation will be curtailed not by the fed's prime rate or funds rate - it will be curtailed by alternate sources of cheap labor found on the other one third of the land mass on this planet.Mr . Market makes it so. JMHO Bob