tag:blogger.com,1999:blog-20377909.post113797233801197481..comments2024-02-26T08:05:58.174-08:00Comments on ECONOMICROT: Plant Closings, Job Cuts Loom at FordRandyhttp://www.blogger.com/profile/09221346085089343469noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-20377909.post-1138325888910751292006-01-26T17:38:00.000-08:002006-01-26T17:38:00.000-08:00Well said...Couldn't agree moreThanks for posting ...Well said...Couldn't agree more<BR/><BR/>Thanks for posting up your commentRandyhttps://www.blogger.com/profile/09221346085089343469noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-1138033937694409372006-01-23T08:32:00.000-08:002006-01-23T08:32:00.000-08:00We are heading to a flat world. No education - com...We are heading to a flat world. No education - compete with several billion other uneducated workers. College degree, compete with several 10's of millions of other college educated workers. In the next few years, rither wages will drop or inflation will make the wages less able to purchase things from the rest of the world. The worst aspect is that cheap labor makes labor arbitrage more attractive then spending money on automation to reduce labor and improve efficiency. <BR/>But, I'm optimistic. In the long term, we will see cheaper medicine, cheaper manufactured goods, etc. However, in the short term, I expect to see a global flight to cheaper labor with ill effects for most workers.<BR/>Remember - debts a fixed but assets change in value!Anonymousnoreply@blogger.com