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To: Erik Latranyi
You asked how innovation protects salaries in a global economy. The auto industry wages are higher than ever, yet they compete with extremely low-wage nations every day.

So what is your answer? What is the economical mechanism which innovations protect high salaries?

42 posted on 09/10/2004 7:27:53 PM PDT by A. Pole (Madeleine Albright:"We are the indispensable nation. We stand tall. We see further into the future.")
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To: A. Pole
So what is your answer? What is the economical mechanism which innovations protect high salaries?

Productivity. By making higher quality goods, faster and cheaper, you offset low-wages.

64 posted on 09/10/2004 9:20:36 PM PDT by Erik Latranyi (9-11 is your Peace Dividend)
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