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Your scenario is scary but possible
It is very possible that we will face such a problem in the US and in other industrialized nations. But consider this, as the third world also become industrialized and their labor surplus dries up, don't you think that their wages and benefits will increase.

I am afraid that the pendulum is swinging away from the world's current industrial nations and toward the third world. Just as the pendulum swung 200 or so years ago from Europe to the Americas.

I don't want to look into my crystal ball and see America with a 25% unemployment rate, but this could happen. As governments continue to place harsher requirements on employers regarding workplace entitlements, the jobs will continue shifting away from those countries.

If you think that corporate tax breaks are a bad thing, then you really don't understand who pays those taxes. Ultimately those taxes become part of YOUR cost of living. So while you watch Uncle Sam or the British equivalent confiscate more than half of what you earn in taxes (add them all up, not just income taxes), consider that you are paying even more taxes when you purchase any product or service ... built right into the price. And then your local governments add even more in the form of sales taxes. Government is a huge, resource wasting monster with an insatiable appetite.
Posted by: vferrara   Posted on: 01/27/04 You are currently: a Guest | Members login | Terms of Use
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This report looks like hogwash  vferrara | 01/27/04
This report looks like hogwash...  wploger | 01/27/04
I believe in a free market society...  vferrara | 01/27/04
NOTHING "free market" about it!!!  No_Ax_to_Grind | 01/27/04
What are you talking about?  vferrara | 01/27/04
Unfortunately you seem to be clueless about it.  No_Ax_to_Grind | 01/27/04
Try reading the article little one.  No_Ax_to_Grind | 01/28/04
The FREE MARKET no longer exists  voska | 01/27/04
You sound like...  BitTwiddler | 01/27/04
Wrong!!!!  vferrara | 01/27/04
I believe in a free market society...  wploger | 01/27/04
We overcame them didn't we?  vferrara | 01/27/04
No I did not....  wploger | 01/27/04
Not Quite  JimSatterfieldW | 01/28/04
Message has been deleted  amirali | 02/06/05
Any company...  BitTwiddler | 01/27/04
I won't argue this  vferrara | 01/27/04
You are wrong.  No_Ax_to_Grind | 01/27/04
Those are taxes  voska | 01/27/04
Of course  fastech@... | 01/27/04
Not to worry  ejhonda | 01/27/04
I'll tell you what a living wage means...  Heatlesssun | 01/27/04
Living Wage  vferrara | 01/27/04
You answerd you own question  Tammee | 01/27/04
Different argument  vferrara | 01/27/04
Your two points are backwards  voska | 01/27/04
re: Living Wage  bgoss@... | 01/27/04
Where's the money come from  voska | 01/27/04
Wrong  JimSatterfieldW | 01/28/04
Living Wage  randomletter | 01/28/04
Ok, I'll answer your question...  flafone | 01/29/04
Coming to US shores...  No_Ax_to_Grind | 01/27/04
Your scenario is scary but possible  vferrara | 01/27/04
Sorry, but you are still wrong.  No_Ax_to_Grind | 01/27/04
It isn't "possible", it's planned.  No_Ax_to_Grind | 01/27/04
Never worked in one of those plants have you  voska | 01/27/04
No quite true.  No_Ax_to_Grind | 01/27/04
Government Waste...  wploger | 01/27/04
Global corporations are independent from the USA  tero_t_vaananen@... | 01/27/04
At the Expense of the Many for the Few  bhafner | 01/27/04
100% spot on.  No_Ax_to_Grind | 01/27/04
Can I please...  BitTwiddler | 01/27/04
You are right  vferrara | 01/27/04
Not if history is any indication.  No_Ax_to_Grind | 01/27/04
I don't see the middle class disappearing  voska | 01/27/04
Do a Google search on "US wealth distribution".  No_Ax_to_Grind | 01/28/04
I'm not so sure  John L. Ries | 01/27/04
Bruce for prez!  JosePinchero | 01/27/04
How can this be? IBM is for the "people".  No_Ax_to_Grind | 01/27/04
RE: IBM is for the "people"  JakAttak | 01/27/04
If there was no market, there would be no sweatshops.  No_Ax_to_Grind | 01/27/04
Bit, you're having another fuzzy logic moment...  emartin_z | 01/27/04
Sorry, you misunderstood me.  No_Ax_to_Grind | 01/27/04
Linux and IBM  bgoss@... | 01/27/04
Message has been deleted.  No_Ax_to_Grind | 01/27/04
Message has been deleted.  NoB$ | 01/28/04
i must be an MS shill  RedHat9User | 01/28/04
IBM is hardware for profit  voska | 01/27/04
proves we need that national min wage  JWatson77 | 01/27/04
IBM's astounding response to CAFOD  wpmatlake | 01/27/04
IT Firms Take Heat For 'sweatshop' Labor  aatayyab | 01/28/04
Message has been deleted.  amirali | 02/06/05
Message has been deleted  nospam@... | 02/22/05
Message has been deleted  aatayyab | 09/29/05

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