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Not quite right
If everyone too a 55% pay cut the cost of good would be lower too. So consumer spending would remain the same. So really it wouldn't change a thing. Just the value of a dollar would increase. Where today a dollar buys a certain ammount dollar would buy 55% more.

So technically if everyone too even a 98% pay cut things would not change other than the countries like India wouldn't be able to compete anymore.

No as much as that seems like a good idea in theory it's near impossible to implement. Usually it takes something like depression the like of the 30s for this to occcur. Not something I'd like to go through from what I've read. Massive deflation is just as bad as massive inflation.
Posted by: voska   Posted on: 04/27/04 You are currently: a Guest | Members login | Terms of Use
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You think?  rapson | 04/27/04
Get over it Offshore Outsourcing is here to stay  Kamakazii | 04/27/04
Look past the end of your nose  WhoIsDaMan | 04/27/04
Not quite right  voska | 04/27/04
...but close enough for practical purposes  WhoIsDaMan | 04/27/04
Sorry but no.  No_Ax_to_Grind | 04/27/04
Use common sense  voska | 04/27/04
I see you know little or nothing about manufacturing.  No_Ax_to_Grind | 04/27/04
Markups are a sham  AbsolutelyNot | 04/27/04
Look at the reality  AbsolutelyNot | 04/27/04
short vs. long term  PA-ITGuy | 04/27/04
No. 1, it's not as cheap as it used to be.  Taz_z | 04/28/04
you get what you pay for  PA-ITGuy | 04/28/04
Correction  Taz_z | 04/28/04
But others found the hidden costs not worth it  Sadler_z | 04/28/04
Depneds who does the study.  No_Ax_to_Grind | 04/27/04
Let's spread a bit of that wrath around, shall we?  Yen_z | 04/27/04
I agree, it applies to many companies.  No_Ax_to_Grind | 04/27/04
You have no clue...  computer_man | 04/27/04
Shareholders voice concerns  Selki003 | 05/01/04
IBM outsourcing  JamesParker | 05/12/04

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