| Horizon68 <horizon@horizon.com>: Apr 14 01:36PM -0700 Hello.. About the new comments on economy of Alan Greenspan.. I think we have to be smart, and i have to be smart, so I have just read the following from Alan Greenspan, read it carefully and my answer below: == Alan Greenspan says economy will start to fade 'very dramatically' because of entitlement burden cnbc.com April 12, 2019 Read more here: https://www.cnbc.com/2019/04/12/alan-greenspan-says-economy-will-start-to-fade-out-because-of-growing-us-entitlement-burden.html" == So I am not in accordance with Alan Greenspan, here is why: I start it by my following question: If you compare the current Nissan or Toyota $38 per hour wage and benefit costs ( almost no retirees supported ) to GM, Ford, Chrysler $75 per hour wage and benefit costs (each employee supports 4 retirees ) - does it means that pensions negatively affect economic competition ? My answer: I think no, here is why: "For those who still believe that globalization is essentially about moving production where labor costs are as low as possible, they will have to upgrade, says McKinsey. This logic no longer applies today to only 18% of trade in goods, the rest being decided according to the availability of skilled labor, access to natural resources, the proximity of consumers or the quality of infrastructure. Even labor-intensive industries, such as clothing and furniture, have to adapt to rising wages in poor countries and are increasingly resorting to automation." Read below: A globalization in transition.. If we computed better, we would see that trade services do not count for a quarter of world trade (5,100 billion), but for more than half (13,400 billion), and that this part of the commerce grows one and a half times faster than the other party for ten years. For those who still believe that globalization is essentially about moving production where labor costs are as low as possible, they will have to upgrade, says McKinsey. This logic no longer applies today to only 18% of trade in goods, the rest being decided according to the availability of skilled labor, access to natural resources, the proximity of consumers or the quality of infrastructure. Even labor-intensive industries, such as clothing and furniture, have to adapt to rising wages in poor countries and are increasingly resorting to automation. Read more here: https://www.ledevoir.com/economie/551554/analyse-une-mondialisation-en-transition Thank you, Amine Moulay Ramdane. |
| Bonita Montero <Bonita.Montero@gmail.com>: Apr 14 01:49PM +0200 You won't get the recognition from others with your work as your regular bug-fixes make appear your work unreliable and the fact that you write in a language that is largely abandonned appears ridicously. |
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