11-05-2008, 02:05 AM
Yep the wages have become stagnant, but not in China.
Chinese are realizing a boom as U.S. companies are forced to import their slave made products to be competitive. In one of my product lines I offer both U.S. made and China made products. It is almost the same quality but my cost of the import is 1/6th of US stuff. That includes freight.
Wages in the US are suppressed by massive illegal immigration too.
Government has made it difficult to hire employees and it will get worse when all companies are forced to pay for health care. There will be smaller wages and fewer jobs.
Just watch the Dow and the unemployment rate over the next 4 years.
Chinese are realizing a boom as U.S. companies are forced to import their slave made products to be competitive. In one of my product lines I offer both U.S. made and China made products. It is almost the same quality but my cost of the import is 1/6th of US stuff. That includes freight.
Wages in the US are suppressed by massive illegal immigration too.
Government has made it difficult to hire employees and it will get worse when all companies are forced to pay for health care. There will be smaller wages and fewer jobs.
Just watch the Dow and the unemployment rate over the next 4 years.