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Arbitrarily raising wages in the U.S. would make unemployment worse than it is now. Our economies are globalized. Think about it, pan. Relatively high wages are partially to blame for the current recession/unemployment. When alternative labour markets have lower wages, American jobs suffer. And now you want to boost wages even higher.
Keep in mind that America still enjoys one of the highest standards of living in the world. The outcome of one's financial status cannot be blamed entirely on "other forces." The average savings rate in America has been pitiful for decades now, and has even been negative. But, hey, keep on that American Dream. It's yours for the taking. You better keep up with those Joneses, even though they're going broke as well.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
Last edited by Baraka_Guru; 02-09-2010 at 10:25 AM..
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