On Sat, Apr 18, 2009 at 10:22 AM, Gruss Gott <[email protected]> wrote:
> > > RoMunn wrote: > > In a way, yes. The current dislocation is due to globalization and the > rise > > of the information society. > > Your narrative is so far beyond facts I gotta wonder if you even care > about reality. > > You think Wall Street pay and bonuses are due to "globalization"? > LOL! 40% - that's 40 - of "wealth" creation over the last decade has > been due to law changes in the financial services industry. > And a great deal of that wealth vanished in the last two years. Easy come, easy go. * 1960s: dad worked, mom stayed home. > > * 1980s: dad work, had to send mom to work to keep same lifestyle > > * 2000s: dad worked, mom worked, had to borrow home equity money to > keep same lifestyle. > > Seeing a pattern? > Well duh, people have been talking about that situation for decades. In a global market, there is no way around the basic fact that money will flow from high-cost nations to low-cost nations. Eventually, it may all more or less balance out, but until then, people will work harder to earn the same money. On the flip side, low-cost countries provide goods and services at prices well below what could be managed in high-cost countries, and those savings show up in high-wage countries in the form of lower inflation and new goods and services. Everyone works harder, but they earn money for all kinds of things that no one in 1960 had. It's a trade-off. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:295424 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
