To: jpsb
"when the purchasing power of US workers is about the same as Chinesse workers "the system" will balance itself."
No, when the purchasing power of the Dollar multiplied by the Productivity of the average American worker matches the purchasing power of the Yuan multiplied by the Productivity of the average Chinese worker, *then* a free market system will approach parity (i.e. move towards balance).
This does *not* mean that Americans live at Chinese standards or that Chinese rise to American standards ... for the simple reason that the Productivity levels are different.
89 posted on
11/27/2004 2:27:52 PM PST by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack
"This does *not* mean that Americans live at Chinese standards or that Chinese rise to American standards ... for the simple reason that the Productivity levels are different."
OK, you are corrent here. Still very bad news for working America.
92 posted on
11/27/2004 2:36:19 PM PST by
jpsb
(Ex)
To: Southack
... average American worker matches the purchasing power of the Yuan multiplied by the Productivity of the average Chinese worker, *then* a free market system will approach parity (i.e. move towards balance). This does *not* mean that Americans live at Chinese standards or that Chinese rise to American standards ... for the simple reason that the Productivity levels are different.
"Productivity" will increase in China -- what then?
215 posted on
11/27/2004 8:04:22 PM PST by
GOPJ
(M.Dowd...hits..like a bucket of vomit with Body Shop potpourri sprinked across the surface--Goldberg)
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