And all at the hands of government..... government always the answer. no thank you. It starts off the government only allowing people to earn so much. Then outlaw stuff to "lower costs".... give entitlements that has to be paid by others through taxes. Who gets to decide who gets the entitlement? Oh thats right, the government. No personal accountability at all. How much has the government given you over the last 10 years for nothing?
Almost everything Made in America has gotten so expensive, that even Americans aren't bvuying the products. For over 2 decades the US has a trade deficit.
Funny thing though, it's not because of the
average wages being paid in the US. (Germany has higher ones, along with a few other countries), So, what is it ?
Well, it's the top wages ! CEO wages, board members, etc.
Add to that those expensive multi-million superbowl commercials, or those with Superstars, like Michael Jackson did.... I can see those costs adding up, easily.
Those costs are added to the US consumer.
The other problem is, the middle class is disapearing. The heart and soul of a striving economy.
If companies don't do anything about it, then who should ? Unions ? Not everyone is unionized, and it would just make the non union workers even poorer as higher union wages also mean higher end prices.
So, who should eventually step in ?
Apple, Microsoft, pepsi, or even GM, they don't care - they manufacture and sell more goods overseas, anyways.