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workers paradise

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Post by Propagandhi711 Fri Apr 25, 2014 11:19 am

this is what happens when wage increases are kept from rising uncontrollably & innovation is encouraged, jobs come back. meanwhile, socialist worker paradise wannabe brazil has reported zero productivity growth in 10 yrs and is losing ground...lol

http://finance.yahoo.com/news/report-calls-u-rising-star-040426770.html

The biggest factor driving the U.S. rebound, according to BCG: cheap natural gas prices, which have tumbled 50 percent over the last decade as a result of the shale gas revolution.
Also contributing to the country's attractiveness, according to BCG, is "stable wage growth" - a euphemism for the fact that, in inflation-adjusted terms, industrial wages here are lower today than they were in the 1960s even though worker productivity has doubled over the same period of time.
"Overall costs in the U.S.," the report's authors write, "are 10 to 25 percent lower than those of the world's ten leading goods-exporting nations other than China" and on par with Eastern Europe.

Propagandhi711

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