Re: Goldman Sach says record profit because wages too low
Posted:
Mon Feb 23, 2015 5:11 amby Kane
Wal Mart is changing it up....they're upping pay to employees even as their market share growth in the US has stagnated.
If Wal Mart is doing this...then it has begun. Consumer driven stores are finally realizing that in order to sustain growth at home they have to pay their employees more. What's potentially driving this? A rising dollar.
This is just the beginning.
Re: Goldman Sach says record profit because wages too low
Posted:
Mon Feb 23, 2015 5:51 amby Kane
No joke - a doctor I know has a son looking to relocate into Europe for a while. The kid wants to do a stint abroad at school - I told him he should definitely do it. The Euro has space yet to fall once Greece is resolved. Europe may soon be awash with Americans. This would be a net positive for everybody as it provides growth in Europe and helps US consumers to recover.
This still might turn out to be the Chinese Century (If they ever decide to truly liberalize their economy) but the coming decade for the US looks....pretty damn promising. Get a competent President in 2016 and we have a lot going for us. Now we just need a f**k legislative body.