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Topic History of: economics lesson for ITK
Max. showing the last 5 posts - (Last post first)

Author	Message
In The Know	hedda wrote: Jesus Christ...if US wages are lower than China no wonder people need 3 jobs to survive. Jobs have increased in the USA for 29 months in a row now, hedda. The austerity plan is clearly working, and now Obama doesnt have to face election again he can turn the screw even harder.
hedda	Pattaya wrote: I really do hate to agree with ITK here,but think you'll find it's a mix of plentiful natural resources,coupled with a sound previous economic policy allowing them to do this. Reality in all things,a look at Thailand would be interesting for both of you,natural balance is essential. difficult to compare Thailand with the West except their attempt at creating a property boom was a disaster. As Dubai's will be eventually.
Pattaya	I really do hate to agree with ITK here,but think you'll find it's a mix of plentiful natural resources,coupled with a sound previous economic policy allowing them to do this. Reality in all things,a look at Thailand would be interesting for both of you,natural balance is essential.
hedda	In The Know wrote: Every dog has his day, hedda (for awhile, anyway)! hedda wrote: meanwhile Communist China to become the greatest powerhouse on the planet this century... The tide has already turned ! 250,000 manufacturing jobs switched back to the USA recently because of high wage costs in China - plus increased energy and transport costs. (The US unions slashing wages helped too !) Jesus Christ...if US wages are lower than China no wonder people need 3 jobs to survive. Meanwhile Julia Gillard will enshrine in law overtime, penalty rates and holiday pay
In The Know	Every dog has his day, hedda (for awhile, anyway)! hedda wrote: meanwhile Communist China to become the greatest powerhouse on the planet this century... The tide has already turned ! 250,000 manufacturing jobs switched back to the USA recently because of high wage costs in China - plus increased energy and transport costs. (The US unions slashing wages helped too !)