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"Harry Krause" wrote in message ... Calif Bill wrote: My mutual fund is up 18% in the last year. Nice for me. So you've fully recovered from Bush's recession, eh? The unions paid lots of money to the politicians of Calif, so instead of upgrading the San Francisco - Oakland Bay Bridge, they are constructing a new suspension section at the highest wages possible. The hourly rates would have been the same for an "upgrade." But the total cost would have been about 70% less. The prevailing wage law in not prevailing in industry, but what ever the union has negotiated at the highest point. You need a better source of information than your weekly "Right to Work for Less" newsletter, Bill. And it is not a few Larry Ellison's that have sucked up all the money. It is $80k / year carpenter, and 100k engineers. When an H-1 visa engineer that is just as capable as a USA born engineer will work for $60k, you think we can compete in the world market? You be sure to let us know when housing, autos, durables and other needed goods have a 40% drop in price. When the companies and unions wake up to the fact people are buying a better product from overseas for the same money. Multi-national corporations are robbing us blind. Their costs are way down, their prices go up and their profits are astronomical; they simply play games with their accounting and conceal the profits. Explain to us why a man's dress shirt, which used to cost $20 when produced in this country by a unionized workforce making $7.00 a hour now costs $60 when produced by an exploited workforce in China making 10 cents an hour. Maybe you should be making dress shirts. Get your union members to start up a co-op and sell the shirt for $50. And most of those dress shirts are coming from xmarts and cost $12. |
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