Replies to post #40998 on Mohacsy's Safe Portfolio Member Forum

[elena_murooni]

So then... Living within your means is limited to the time for relatively to set in. At least that narrows the gap a bit.

When Stanley Tool left its home state, the forklift operators made $14.75/hr plus benefits & overtime. They moved to Mexico where a forklift operator made $2.25/hr with little (or no) benefits. The American wage is high, the Mexican wage is low. Because all things are (in time) "relative", then either the American wage will go down OR the Mexican wage will go up. In life, both directions happen simultaneously. We are witnessing this globally.

In the meantime, as American wages go lower, the pain is severe. We can grow an industry (ie Hybrid American made cars) which can help the income "pain" until such time as the wages of Americans are relative to the wages/transportation costs of the outsourced industry.

But alas, you never answered the solution to igniting the core of our economy. Other than that, I preferred your last post to all other posts as you made today.

My thanks to Nick who allowed the discourse of the day. It doesn't matter to me if I'm right or wrong, it matters that we can discuss it. Thanks Nick.

[n4807g]

"All in all it's tough to go from the fools paradise of the past 28 years"

I'd say the fools paradise is just getting started. With 60 million Baby Boomer's expecting to retire in the next 15 years and a great many public sector employees retiring en mass the "productive" days are in our past.