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  • What if the Credit Crunch Is Just a Symptom? [View article]
    I still remember my father going to work, my brother and me going to school and my mother looking over the household. After a time, couples both had to work to make ends meet. By 2000, not only did couples had to both work but to have an average lifestyle they had to go into debt.
    Like the article and the responses explain, it's not so much a credit problem as a living earnings problem. Companies and government are less and less willing to pay a living wage in exchange for labor.
    The greatest example of this is the H1B visas. You have to excuse my disbelief that there are not enough software engineers in the US to meet the demand. Maybe at the wages the companies are willing to pay.
    Again, as i previously have mentioned is the idea, not of bringing the world to the US standard but to take the US to the rest of the world labor market levels.
    I sincerely believe that is the root core of this deflation.
    Dec 21 16:51 pm |Rating: 0 0
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