Comments on: Dow up, in spite of it all

By: FF

FF — Fri, 05 Dec 2008 22:29:27 +0000

Even though the stock market is up, please be careful with what you are investing in. It can be difficult sometimes to do this. I would really like to say that the economy is going to bounce back soon, but I know this isn’t true.

By: Carnival of Personal Finance, Cyber Monday 2008 Edition | Mighty Bargain Hunter

Mon, 01 Dec 2008 06:04:01 +0000

[...] about Money observes that the Dow is up, in spite of it all. (Yeah, I don’t buy it either. The market’s always right, but remember, [...]

By: !wanda

!wanda — Sun, 30 Nov 2008 20:07:01 +0000

What a “fair, living” wage is in China is much lower than in the US. That’s just true. I don’t understand why giving some Chinese peasant the chance to work for a few years and make enough money to buy a home instead of scraping by on subsistence agriculture on land the local party official could at any moment give to some developer is so much worse than giving an American a job. The safety net for unemployed people in the US isn’t great but it at least exists; there is nothing in China.

Very poor people don’t have the time to care about poisoned food and dirty air and water. They don’t have the luxury of caring about harsh working conditions for their fellow man. They care about staying alive. It is the middle class who cares about these things and who has the education to know about them. And the way that a middle class develops is through economic development. If the US wants to encourage higher safety, environmental, and worker standards worldwide, they need to implement targeted tariffs and bans (that the other countries can address) and to encourage the growth of the middle class in these countries.

Anyway, the future is coming. Wages in China are now getting higher just because of simple issues of supply and demand, and the real bottom-feeders are moving to places like Vietnam; and this is going to continue until the whole world is industrialized and expensive. There are too many people in the world, and not enough jobs.

By: Beef Up Your Piggy

Beef Up Your Piggy — Sat, 29 Nov 2008 21:05:48 +0000

I agree. I wish the country would get back to production. It would give us more jobs stateside and more income. Less unemployment and more control on the quality.. cough, China and lead paint…cough.

By: Beef Up Your Piggy

Beef Up Your Piggy — Sat, 29 Nov 2008 18:48:40 +0000

I couldn’t agree with you more. I hope this country can get back to producing our own products and labor. The jobs would be in this country and lowering our unemployment rate. Not to mention, we can control a bit more of the quality. Cough…china and lead paint…cough. We are just gift-wrapping our jobs to overseas and losing any bit of hope. Great Blog.