"jim rozen" wrote in message
...
In article , Harold & Susan Vordos says...

In other words, laid-off folks don't buy much of anything.

Jim

I'm having a bit of a struggle coming to terms with your statement above.
Isn't that exactly what I've been saying right along? What I've
proposed
is folks coming to terms with their inflated incomes and settling for pay
in
keeping with its value.

Ah, "value."

I think we're talking about the same thing, but you are
approaching it from the ground up, saying that workers
should take voluntary pay cuts.

I'm approaching it from the top down - saying that
if companies move all their operations overseas, and
fire all the US workers, the *market* for their
goods and services (those same individuals who
used to work for the US companies) will basically
dry up.

At your end you see wages being depressed, because
of the glut of unemployed workes. At my end, I see
prices being depressed, because nobody want to by
the cheap stuff the companies try to import.

Kinda looks like deflation, and depression to me.

Jim

Now I see it from your eyes, and, yes, we are both saying the same thing.
There's no way in hell we can survive with things as they are. For
workers to come to terms with the fact (yes, it is a fact, almost to the
man, we are all overpaid when it comes to our VALUE) that we are not
competitive in the world market and will lose our jobs as a result if we do
not adjust our expectations and our hourly rate, removing the advantage
corporations are now enjoying by moving to foreign countries.

Ed seems to ridicule my suggestion that the jobs are headed for other
countries, something that baffles me no end, for just as I'm typing this,
Susan just brought to my attention the fact that AT&T is shipping work to
India because of the lower cost of doing business there. It was just
mentioned on the news. I have no clue what will be shipped, but,
according to Susan, they made explicit mention of the fact that it was
cheaper to go to India than to remain here, at least with that particular
project. Sigh!

Harold