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That's a long way of saying that unions or no unions, U.S. corporations didn't skip a beat in the 20 years. It's the U.S. worker that has taken it on the chin. But Wall Street likes companies that hire Chinese workers at 1/10 the cost of $14 an hour U.S. factory worker. By the way $14 an hour doesn't even get you to the U.S. Median income.
No offence but YOU are Wall Street. Where do you think all that capital comes from?
Are YOU driving an American car? Can YOU find an American washing machine?
Folks love low prices and high value.
How puzzling is that?
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Rich Belloff
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