This is a wrong headed conception, it decreases living standards. The
reason Governments are slashing wages and conditions is to be
competitive with overseas labor, it becomes a race to the bottom for
the wage earner while the capitalist extorts more and more from the
worker. This is the cause of profound social inequality--not getting a
fair day's pay for a fair days work. Workers are being held to ransom,
this is hardly democratic, infact democracy cannot exist where there
is immense social inequality. America was at her most potent when the
welfare state was at its most benevolent. Happy workers are hard
working workers, that was the essence of the New Deal.

On Sep 9, 8:15 am, Gaar <[EMAIL PROTECTED]> wrote:
> On Sep 8, 3:11 pm, Frank <[EMAIL PROTECTED]> wrote:
>
> > the slashing of wages and
> > conditions and the destruction of the manufacturing sector that has
> > moved offshore in search of cheap labor.
>
> This is something that is needed, in order to "Balance" the "earnings"
> around the World...
>
> It was bound to happen, and is a good thing, in that it is helping
> raise the living standards of people who desperately need it.
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