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Old 02-16-2008   #8 (permalink)
cavedog
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Default Re: Economy heading strait to hell

Quote:
Originally Posted by MRiGnS View Post

Personally I think the best solution would be to lower wages for at least a decade, and trying to get exports going again, rather then massive imports.

That's mainly the problem the US now has to suffer from, the change from an exporting nation to an importing nation.

Looks like GM agrees with you. They are trying to buyout a large group of the higher paid workers so they can replace them with lower paid workers (less benefits).

But in other areas of the country that do not have strong unions, the wages are already depressed. Income has been pretty flat for much of the past five years.
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