Quote:
Originally Posted by sambo
I've never been able to work it out... labor cost is high because wages are high because prices are high because wages are high... vicious cycle. Dollar for dollar, money used to go a LOT further 10 years ago.
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What cant you work out?
The truth would be the same if you said the same in reverse. No?
Labor cost is low because wages are low because prices are low because wages are low... until greed rears its ugly head
Money used to go a LOT further 10 years ago, because there was less of it.
Commodities & assets are still "worth" the relative same.
...in my humble opinion of course.