LunarRay
Diamond Member
- Mar 2, 2003
- 9,993
- 1
- 76
alchemize,
There are some impediments to your position regarding the hours.. Federal and State OT laws would need being changed. The fact that we are in a job creation mode long hours might eliminate a position for every two or three jobs working those hours. Although, it might be cost effective to actually pay the OT than hire the next Ee.
I think we need dealing with the trade deficit and moving it back to zero or a bit in the other direction to start eliminating the accumulated two or three trillion owed.
There can be no doubt that this won't turn around so long as we import our goods and export our jobs. Eventually, all jobs or at least most will feel the impact of this. We will become equal with the rest of the world in time. Since we are the or were the rich kids we will decline our wages and the world or the folks who provide services and goods should (but don't always) increase theirs. This would be fine if the cost of goods and services here are priced to reflect this actuality. Simply stated; as the wage rates decline so should the relative price of widgets.
It is possible, I suppose for some parts or sectors of our economy to remain secure. If this occurs we will find a broadening of the lower levels of our economic standards which will necessarily cause property values to decline in areas where these folks are forced to reside. There simply has to be a Newtonian aspect to all this... equal and opposite.. $ earned by Walmart must either be $ not spent elsewhere or reduced savings or increased debt. (population growth eliminated).
With the above the reduced $ into the Treasury Coffers requires higher taxes to meet the debt service, mandated programs and etc. or increased debt.. which then has all its own set of problems.
Hard work to me means a) physically hard labor or b) long hours (or maybe even both). Sunup to sundown. Just like the "good ole days". College learnin ain't your style? Then workin hard is. If we're gonna apply a tax to every single good and service in the country, then we need some serious sweat equity in it to offset the impact.
There are some impediments to your position regarding the hours.. Federal and State OT laws would need being changed. The fact that we are in a job creation mode long hours might eliminate a position for every two or three jobs working those hours. Although, it might be cost effective to actually pay the OT than hire the next Ee.
I think we need dealing with the trade deficit and moving it back to zero or a bit in the other direction to start eliminating the accumulated two or three trillion owed.
There can be no doubt that this won't turn around so long as we import our goods and export our jobs. Eventually, all jobs or at least most will feel the impact of this. We will become equal with the rest of the world in time. Since we are the or were the rich kids we will decline our wages and the world or the folks who provide services and goods should (but don't always) increase theirs. This would be fine if the cost of goods and services here are priced to reflect this actuality. Simply stated; as the wage rates decline so should the relative price of widgets.
It is possible, I suppose for some parts or sectors of our economy to remain secure. If this occurs we will find a broadening of the lower levels of our economic standards which will necessarily cause property values to decline in areas where these folks are forced to reside. There simply has to be a Newtonian aspect to all this... equal and opposite.. $ earned by Walmart must either be $ not spent elsewhere or reduced savings or increased debt. (population growth eliminated).
With the above the reduced $ into the Treasury Coffers requires higher taxes to meet the debt service, mandated programs and etc. or increased debt.. which then has all its own set of problems.