"DejaVU" wrote in message
...
Ed Huntress scribed in
:

So what? How long do you think they'll be making them for
*anyone*, if they have to chisel wages just to keep afloat?

That's a one-way road, Carl. The Chinese are going to beat them
all to hell, no matter what they do. One they're in a wage race to
the bottom, competing with a low-wage country, there's no
stopping, until they go overseas themselves or go bankrupt.

the answer is simple and clear gentlemen, we have to get over to
china and start labour unions there, pronto. yes indeed, a
subversive campaign to educate the chinese workers in having and
needing unions to up their wages so they can live like Americans.
production costs will skyrocket and th erest of us will be ok....

(-:

Some of them have tried, but they get the early-20th-century American
corporate response: machine guns in the face.

Korea is headed that way, and China probably will some day. But they have
25% unemployment right now, and another 25% extreme underemployment, so
economists are predicting that it will be 20 - 30 years before China's wages
approach ours. Which brings to mind John Meynard Keynes' comment about how,
in the long run, we're all dead. g

Ed Huntress