Excellent Article-appropriate for this Labor Day (wisdom, Obama, cost, leader)

[artisan4]

http://www.nytimes.com/2012/09/03/op...me&ref=general

This segment stands out:

'In Germany, still a manufacturing and export powerhouse, average hourly pay has risen five times faster since 1985 than in the United States. The secret of Germany’s success, says Klaus Kleinfeld, who ran the German electrical giant Siemens before taking over the American aluminum company Alcoa in 2008, is “the social contract: the willingness of business, labor and political leaders to put aside some of their differences and make agreements in the national interests.”

In short, German leaders have practiced stakeholder capitalism and followed the century-old wisdom of Henry Ford, while American business and political leaders have dismantled the dynamics of the “virtuous circle” in pursuit of downsizing, offshoring and short-term profit and big dividends for their investors.'

In Obama's second term I hope he will work with labor and non-rapacious capitalists to make our country strong.

[plwhit]

What the article doesn't say, that Germany depends on the labor force it has from Turkey the same way America depends on the labor force it gets from Mexico....

Plus, Germany has a captive market, the rest of the EU countries...

The reason their hourly pay has gone up quite a bit because their cost of living has gone up quite a bit ~duh~

[roysoldboy]

Originally Posted by artisan4

http://www.nytimes.com/2012/09/03/op...me&ref=general

This segment stands out:

'In Germany, still a manufacturing and export powerhouse, average hourly pay has risen five times faster since 1985 than in the United States. The secret of Germany’s success, says Klaus Kleinfeld, who ran the German electrical giant Siemens before taking over the American aluminum company Alcoa in 2008, is “the social contract: the willingness of business, labor and political leaders to put aside some of their differences and make agreements in the national interests.”

In short, German leaders have practiced stakeholder capitalism and followed the century-old wisdom of Henry Ford, while American business and political leaders have dismantled the dynamics of the “virtuous circle” in pursuit of downsizing, offshoring and short-term profit and big dividends for their investors.'

In Obama's second term I hope he will work with labor and non-rapacious capitalists to make our country strong.

Are the Democrats holding that expensive convention this week for no reason? it seems that your editor thinks that the election is already over.