[wplug] Circuit City

[Michael H. Semcheski]

>
> Every basic cost of
> living just about is increasing at multiples of the inflation rate,
> yet wages for most remain stagnant, the cost of university and health
> care is increasibly prohibitive, which energy costs skyrocketing this
> disproportionately affects those in the lower income sector.



On the other hand, do you know what an iPod cost 20 years ago?  Or a
broadband data connection?

I'm not saying either of those is a basic cost of living, but not everything
is more expensive.

Mike


On 3/29/07, Zach <netrek at gmail.com> wrote:
>
> On 3/29/07, O'Connor, Michael P. <mpoconnor at switch.com> wrote:
> >
> > I will admit at this time I am not for it nor am I against it -- I am at
> > the point of, stand back see what happens then make a judgment.
>
> Stand bank and see? So the millions of manufacturing and professional
> jobs (especially in so-called knowledge worker fields) that we've
> already lost is not indicative? ;-) I don't think this is a new issue
> where the jury is still out on negative effects. Who is the prime
> beneficiary of outsourcing? Is it US workers? Certainly not? Is it the
> US consumer? Perhaps but if you weigh the lower costs of goods versus
> the loss in jobs it really doesn't help one's purchasing power if they
> can't find a decent job that at the very least provides for the
> minimal cost of living (basic rent, basic food, transportation,
> uitilities, taxes, etc.) The ones who are really reaping the benefits
> of all this outsourcing is corporations and those who own significant
> shares of their stock if it's a publicly traded company. The trend in
> business is not just to be profitable at the end of the fiscal year.
> It's to have increasing profitability, increasing revenue and lower
> costs in every QUARTER. Greed rules the day. It's no fluke that the
> income gap between the richest and poorest in this country is at
> record level and the middle class is being diluted and in many ways
> being priced out of the American dream. Look at the buying power of
> the US dollar today compared to just 20 years ago. Every basic cost of
> living just about is increasing at multiples of the inflation rate,
> yet wages for most remain stagnant, the cost of university and health
> care is increasibly prohibitive, which energy costs skyrocketing this
> disproportionately affects those in the lower income sector. So yes I
> do not see the average worker let alone the poor profiting much from
> outsourcing in a global sense.
>
> Zach
> _______________________________________________
> wplug mailing list
> wplug at wplug.org
> http://www.wplug.org/mailman/listinfo/wplug
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://www.wplug.org/pipermail/wplug/attachments/20070329/1ef98c82/attachment.html