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Old 01-26-2004, 11:28 AM  
Snake Doctor
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Join Date: Mar 2001
Location: On top of my soapbox
Posts: 13,449
Something similar to this happened right before the great depression.
Labor (American labor at this time) was dirt cheap. Huge corporations paid a pittance for factory workers to work ridiculously long hours in unsafe conditions.....and those people were happy to have the job because thier family got to live in a rat infested tenement housing project and share a bathroom with 10 other families rather than live on the street.

The real problems came when we had an industrial surplus....labor was cheap and factories were very productive....but, nobody could afford to buy the things the factory was producing because wages were so low.

The corporations had two choices, they could raise wages or lower their prices so that the "average american" could afford to buy their products and the cycle could continue.

Unfortunately they did neither, and a few years later the stock market crashed, banks failed, and 40% of the country was unemployed.

Hopefully somebody somewhere in power has the foresight to not let this happen again.
Dell might be able to get cheap tech support in India, but if nobody can afford to buy their computers then that won't matter much.

That's my
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