Thursday, October 7, 2010

Higher Yuan May Not Mean More U.S. Jobs - WSJ.com

Higher Yuan May Not Mean More U.S. Jobs - WSJ.com: "

High paid jobs for those who likely didn't even get out of high school to compete with foreign made goods in Walmart is a non-starter!

It's sad how the US is allowing itself to focus on old-line union jobs when it could be having so much brighter a future - albeit with lower taxes to spur investment in the wealth of new economy jobs, a greater emphasis on education (e.g. break up the teachers unions), and less US productivity going to people on welfare and too early retirement.

But, will any of these positive things happen? One does doubt it!

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