DislikedU.S. is not a net exporter of goods but in services, an asset that usually has higher margins, are unique and therefore generate greater wealth of what could make a country like China which is devoted only to the production. U.S. wants to devalue, have no other way to improve growth this year.Ignored
According to the UFCW, the country’s largest employer in 1970 was General Motors. Workers earned $17.50/hour plus health, pension, vacation and cost of living increases.
Today, the country’s largest employer is a service industry leader. Wal-Mart, with over 1 million US workers. The average Wally World employee earns $8.00/hour with no benefits, no pension and practically inexistent healthcare.
I fail to see how people can afford to make an economy spin more, be it from purchasing manufactured goods or buying services, if they make less.
The manufacturing sector is what built America and it is now building China. Services come after and it shouldn't be the only ace up one's sleeve.
Some of greatest manufacturers in America are gone. Many are on life support. America sold the cow and is now buying the milk.
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Not all sins are created equal