To: Southack
All it means is that the world is awash in surplus labor - expect more offshoring to take advantage of the wage differential and a concomitant decline in American real wages. BTW, real wages are falling.
20 posted on
03/20/2004 2:04:14 PM PST by
sarcasm
(Tancredo 2004)
To: sarcasm
BTW, real wages are falling. Sure they are. And the Earth is warming.
31 posted on
03/20/2004 3:49:41 PM PST by
1rudeboy
To: sarcasm
All it means is that the world is awash in surplus labor - expect more offshoring to take advantage of the wage differential and a concomitant decline in American real wages. BTW, real wages are falling. Thank you for making that point. And of course, real wages are the only wages that matter.
42 posted on
03/20/2004 4:53:49 PM PST by
navyblue
To: sarcasm
"All it means is that the world is awash in surplus labor - expect more offshoring to take advantage of the wage differential and a concomitant decline in American real wages. BTW, real wages are falling." 
No, real wages in the U.S. have steadily increased even after inflation. Wages in China and Mexico, however, have declined.
Average American Wages Increased After Inflation From 1959 Through 2002
50 posted on
03/20/2004 5:56:39 PM PST by
Southack
(Media bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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