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Old 02-15-2008, 03:29 PM   #1
Uplillacype

Join Date
Oct 2005
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492
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"At the average wage, a VCR fell from 365 hours in 1972 to a mere two hours today. A cellphone dropped from 456 hours in 1984 to four hours. A personal computer, jazzed up with thousands of times the computing power of the 1984 I.B.M., declined from 435 hours to 25 hours. Even cars are taking a smaller toll on our bank accounts: in the past decade, the work-time price of a mid-size Ford sedan declined by 6 percent."

All of these products, except for cars, got cheaper because the price was high in the first place. Indeed, the wealthier have the latest and best devices with more gadgets, and the poor have the old models with out all the bells and whisles.

They tried to make this a pro cheap foreign labor piece and it falls on it's ass. The situation would be exactly the same without the use of cheap labor.

They are complete idiots who know nothing about business and the economy.
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