To: Theodore R.
Since 2000, one in every six manufacturing jobs, 2.7 million, has disappeared. These jobs paid an average wage of $54,000.... with $53,000 and using the same machinery and technology as a U.S. factory can employ 25 reliable, intelligent, hardworking Chinese at $1 an hour.
$54,000? Though I agree that the huge cost of unnecessary regulations and taxes on corporations is a problem, I think this wage is a part of the problem, too. Pay them $35,000 a year and you won't have anywhere near as many jobs being shipped overseas.
To: BMiles2112
Pay them $35,000 a yearOnly if you reduce the costs of living in America concordantly.
Of course, this is called 'deflation' and is very destructive.
24 posted on
09/17/2003 7:52:10 AM PDT by
Lazamataz
(I am the extended middle finger in the fist of life.)
To: BMiles2112
$54,000? Though I agree that the huge cost of unnecessary regulations and taxes on corporations is a problem, I think this wage is a part of the problem, too. Pay them $35,000 a year and you won't have anywhere near as many jobs being shipped overseas. $35,000? It is still too much, the good salary in India or China is less than $10,000. Rasing the CEOs pay is another matter - it is an investment in the most productive individuals, it is never too high.
66 posted on
09/17/2003 9:09:45 AM PDT by
A. Pole
To: BMiles2112
I think the number $54K includes bennies.
226 posted on
09/17/2003 10:51:13 AM PDT by
ninenot
(Democrats make mistakes. RINOs don't correct them.--Chesterton (adapted by Ninenot))
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