Our standard of living has to return to earth....or else!

Iamme

Philosopher
Joined
Aug 5, 2003
Messages
6,215
Seriously.

I'm sure we could go back in even recent past, but I will start here, as this was just in the news: Delphi Corp.. They are on the verge of bankrupcy. On the news they said that unless they cut wages by around $10 an hour, they will go under. What?! How much are those people making...ANYway! Around here, there are factory workers who make like $8.67 an hour!

And then they talked about how the car companies will have to do the same thing. Well, I knew years back that they were paying their assembly line workers some salaries and bennies that reached the moon. I remember saying that back in the 70's (I think it was) that *I* would work there for HALF of what they were paying their union workers.

If some of these companies are paying let's say $20 an hour; you could have a husband and wife work there and make $40 an hour household income! That is $1600 a WEEK! A WEEEEEK! Who can't live off that?! But I think what auto workers make (I haven't a clue about Delphi) a lot more than that an hour I think.

Who can't work for $15 an hour?

Is it because the area that you live that it can't be done? Where you live, does a $100,000 midwest-value home and lot cost you like $600,000 where you live? That is silly. The reason that it does is because they (the market) knows you make like $50 an hour, or whatever. So the market demands your money.

Everybody loses when that happens because we are competing with the world, folks. China, et al.

So why not bring everything down. Bring wages down AND costs will come down too. That way your actual standard will remain about the same, only the costs will be lower and we will be better equipped to compete with some of these foreign markets on a more level playing field.

Am I off in left field somehow, or am I right?

Now, this may be somewhat off the beaten path, but can you tell me WHO is making all the money in China so that they are building these ulrtra modern cities over there on massive scales, if their standard of living is so beneath us...that the workers are paid these low wages? SOMEbody over there is getting the money to raise the standards high for at least those beautiful cities. Does someone here understand all this?
 
What beautiful cities?

Yes there's a lot of development in china, but don't kid yourself to think that the standard of living is anywhere near the US yet.
 
Seriously.
Is it because the area that you live that it can't be done? Where you live, does a $100,000 midwest-value home and lot cost you like $600,000 where you live? That is silly. The reason that it does is because they (the market) knows you make like $50 an hour, or whatever. So the market demands your money.


Well I am not sure where you live, but my experience is that the RE market is not tied to wages.

About 7 years ago I lived in LIMA, OH we built a new home for about. 110K this was a median priced home there and definately middle class
factory worker neighborhood. A friend who still lives there told me the house was recently listed for sale for $287,000. Yes this town has
union factories P&G, General Dynamic, Ford and DP. But there is NO WAY that those salaries have increased in proportion (anywhere near it) to the rise or R/E prices! When we moved to NE we bought a condo and decided to hang on to it. IT has more than quadrupled from the price I paid for it.


The frightening part is that most people are house broke. This is why the forclusure rate in my state has gone up 65% from last year and why the interest only loans are the hottest thing going in the refi business.
In my state a couple earning the median income CAN NOT qualify for a median priced house and it's been like that for years.
People take out these loans because it's the only way they can afford to buy/qualify for a home. What they don't know, or don't care, is that they would probably be better off going to Vinny and paying the vic.

They think that the prices will just keep going up and the bubble will never burst. But it has to and that's when the sh8 is really going to hit the fan in this country.
 
Yep. Everything would be great if the greedy workers made less and the corporations made more. Just look at Mexico.
 
Seriously.

Who can't work for $15 an hour?

I live in New Jersey -- and yes, you can live on $15 per hour, which is about $30K a year (before taxes). But own a home, raise a family, maintain a car, go on vacation? Not so easy.

BTW, did that salary include health care??? For the wife and kids too ... ???
 
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Yep. Everything would be great if the greedy workers made less and the corporations made more. Just look at Mexico.

Mexico's poverty is due to massive government corruption and a lack of protection of private property. Businesses cannot make a move without paying kickbacks to government officials with the power to stand in their way for any number of a myriad reasons.
 

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