To: jpsb
What would you think about getting the hourly wage down enough that manufacturers could produce a product that we could afford. There is a reason Wall-World is open all night and running over with people the rest of the time.I am 74 years, old and my 8 hour a day job pays me $5.76 per hour, and I need to work to make ends meet
To: BooBoo1000
I think that that is our future and I am happy that I will not have to deal with it. Not quite as old as you but old enough.
149 posted on
02/22/2004 10:50:36 PM PST by
jpsb
(Nominated 1994 "Worst writer on the net")
To: BooBoo1000
We would require an extended period of deflation to start that downward trend. We have been on the verge of deflation for a while now. It is not iron clad that standard of living decreases with lower wages assuming that the cost of living also decreases in proportion. That is why an engineer in Texas making 100 grand a year can buy a 4,sq ft house in house for 200k while that same engineer in San Francisco would have to make 300k to even approach the same house.
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