Sunday, January 04, 2004

Here's how to rescue American jobs:

1. prepare to compete with Habib, Wong, and Mahatma -- Educate the workforce (our HS grads rank behind almost all industrial nations, right in there with Nigeria)

2. Keep productivity gains coming. At the end of the day, it's productivity that determines how much a corporation can afford to pay you.

Of course sustained low interest rates make it much easier for companies to invest in those productivity enhancing plants and equipment.

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