Quote:
Originally Posted by Jim Richards
Alternatively, it means American labor is undervalued by businesses. The new reality is that nobody will be able to buy sheet except the business owners. I wonder if they constitute significant volume.
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By "undervalued" you mean that it is the wage structure that allows business to have ready and willing customers with cash or credit cards in their pockets to purchase their products. Yep...and Nope to the respective questions.
However there are whole new markets developing for the cheap stuff they are going to produce..