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now_zad

(44 posts)

3. High labor cost countries are now "service economies"

Reply to Newsjock (Original post)

Thu Dec 15, 2011, 06:22 PM

Dec 2011

High labor cost countries are now "service economies, cheap labor countries are manufacturing everything. Two choices; convince the cheap labor countries that they need to decimate their economies by raising the cost of labor 30 times or more or convince the high labor cost countries labor costs and benefits need to come down drastically or it is all over for them.

There are 6 billion people in the world. 90% of them only want to put food on the table for their kids.

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Highlight:

IMF warns that world risks sliding into a 1930s-style slump [View all] Newsjock Dec 2011 OP

The only solution they have is to kick the can some more. xchrom Dec 2011 #1

It could not have anything to do with the fact that the rich are looting Vincardog Dec 2011 #2

No, no. Ghost Dog Dec 2011 #6

Lol. Kaleko Dec 2011 #11

^ Wish I could rec your post, Vincardog ^ Mimosa Dec 2011 #14

No Shit. The IMF has been a long time enabler of the exact criminal corrupting policies that Vincardog Dec 2011 #15

did you mean Satan's? magical thyme Dec 2011 #16

Mah accent is showing Vincardog Dec 2011 #17

This message was self-deleted by its author closeupready Dec 2011 #22

No kidding. DCKit Dec 2011 #23

High labor cost countries are now "service economies" now_zad Dec 2011 #3

Simply bringing back tariffs would do a lot to remedy this. PSPS Dec 2011 #10

You said it Charlemagne Dec 2011 #18

Slump? Newest Reality Dec 2011 #4

The Economist's D-word index: Ghost Dog Dec 2011 #7

My thought too. Slump? tawadi Dec 2011 #8

"Slump" was commonly used in England and Europe Yo_Mama Dec 2011 #9

Did not know this. thanks. eom tawadi Dec 2011 #12

I don't think the IMF should be warning us of something they helped create. bloomington-lib Dec 2011 #5

I wonder when the 1 percent will hand over the money they need to let go of... midnight Dec 2011 #13

Always interesting to see the reaction of we humans to limits The2ndWheel Dec 2011 #19

And remember what pulled us out of the "1930s-style slump" KamaAina Dec 2011 #20

who/what is the target of this 'warning'...the 1%? they don't care-this slippery slope is news? katty Dec 2011 #21