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To: TightSqueeze
Labor is not a commodity like raw materials since it has the ability not only to price itself, but also to use the proceeds received for wages earned, to speculate in the free market on the management that employs it.

Sure labor is a commodity and it doesn't have the ability to price itself. If there's a scarcity of labor for a particular skill, the price goes up. If there are 10 overly qualified applicants for every position, price goes down. And labor doesn't speculate on the market. Individuals do that. Individual workers might or might not, but you can't say as a general rule that they do or don't because "labor" is a generalizing term that covers a lot of ground.

Every time anybody purchases an item they have actually invested in the company they bought it from. They have evaluated the company's efficiancy and quality control and decided that they were deserving of profit. If the company offered you a piece of shite, you don't invest, they don't get a profit the shareholders don't get paid the workers get fired.

Shareholders should do this same thing- inspect the company for effiency and quality before they invest. If they just invested because "Maria said the stock was hot" they only have themselves to blame. One type of investment is front end ie speculation, before the product has proved its worth, the other is after the product is made and the consumer conducts his analysis of the finished item and gives a thumbs up/down.

The best thing the American people (or any people for that matter) can do is to demand the best products for the cheapest prices and not reward companies that make inferior products (even if that means buying foreign things) AND to demand a gov't that is the most friendly to business. If you mess up this process you get corporations existing on hot air because they are propped up by the gov't or out of patriotism for no valid reason. Eventually they will fall and the larger they managed to get before the fall, the more people (read workers) it affects.

Scandal and corruption is part of the jungle. That's for the shareholders and consumers to sort out not the gov't.

26 posted on 06/28/2002 6:22:57 AM PDT by Prodigal Son
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To: Prodigal Son
I understand your outrage, but put the blame where it belongs. Harangue anybody you know who votes for democrats, explain it to 'em. Socialism bleeds an economy and it bleeds you. Vote those dems out of office.

You live in a dream world of denial if you think socialism is advanced by only Democrats. Maybe you haven't been paying attention to the socialism being advanced at a rapid pace by our Republican(?) president.

BTW, those corporations you're speaking of for also give a lot of money to Democrats...how about you explain to them how "Socialism bleeds an economy".

I recently purchased a cast iron tub made by Kholer (The Bold Look of Kholer), once manufactured in Kholer Wis...

"Made in China" was proudly cast into the bottom and stamped on the crate....I didn't notice any reduction in price for the reduced cost of labor being passed on to the consumer like YOU think we would get if their taxes were eliminated....I'm wondering how many people in Kholer Wis. can now afford one of those Chinese tubs they, themselves might have manufactured, I hope those foreign Kholer stock holders enjoy their our money, after all what could be more important?

39 posted on 06/28/2002 7:29:57 AM PDT by lewislynn
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