[Grovenet] Minimum Wage

[Ron D'Eau Claire]

Excellent point, David. I missed that. 

Can you imagine what would happen in the USA if everything made in China
cost at least five times what we pay today? 

Ron D'Eau Claire 

-----Original Message-----
Did you notice that in many of the Asian countries the minimum wage  
was quite low, but the purchasing power was five times the nominal  
dollar value?  e.g China has a $.20 minimum wage that has $1  
purchasing power.  That suggests that our dollar is way over priced  
vs their currency.  Of course, that is why we owe them money and our  
jobs are going there, the dollar is too high to the yuan.

David

On Feb 14, 2007, at 3:03 PM, Ron D'Eau Claire wrote:

> Here's an interesting little interactive about what the minimum
> wage is in
> various countries around the world:
>
> http://news.yahoo.com/page/minimum_wage
>
> Hmmm... could almost afford to flip hamburgers in Australia...
>
> Ron D'Eau Claire
>
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