In article et,
Maxprop wrote:

America has sold herself out by not having the foresight to change
with the changing world.

America can compete nicely with just about anyone, but some changes are
necessary. To compete with one's competitors, one must at the very least
emulate them. Better yet one should create a cost advantage for the same
quality, or create a quality advantage for the same cost. The US is capable
of doing either, or both.

Yeah, but you don't. Instead you try to either convince your market
that an inferior prodict is somehow better via clever advertising, or
you run to the Govt and try to get the competition excluded from the
market somehow when option A doesn't work.

But labor is going to have to recognize some
major realignment, along with top-heavy industry. The $30 per hour jobs are
vanishing faster than spotted owls, and until organized labor acknowledges
that low-paying jobs are better than NO jobs, the situation will exacerbate.

I don't think this works either. You are then in a race to the bottom
with labor in other countries which have much lower living standards
and costs of living.

And CEOs and other top-level execs are going to have to face the fact that
multi-million dollar annual salaries and golden parachutes aren't compatible
with the world economic markets of the day.

Yeah, I agree. The cost of screwing up a business needs to be brought
home to those responsible. At the moment it seems that the stock
holders lose, and employees lose, but senior management are immune due
to their payment structures.

My take? Neither side will give an inch before the whole thing collapses
into a ruined American economy. I hope to be sailing somewhere in the
Caribbean with my money in offshore banks by then.

I plan on being in a nice 3rd World country with a good climate.
Fortunately for me NZ is only a week's sailing away. OTOH right where I
am is pretty good, too.

PDW