This is a wonderful story, the march of prosperity moving onward for everyone who lives in a country where they are free to choose who to work for and where to spend their money. This money hasn’t come from exploiting workers, to the contrary it has been created by providing goods and services that customers want!

What about those sweatshop jobs that we hear so much about? Well, for many sweatshop workers the alternatives are much, much worse. (think prostitution, etc) “Sweatshops” provide employees with significantly higher wages than they could get elsewhere. As employees develop valuable skills and increase their productivity, their wages rise accordingly.

As to the inflation, created entirely by the government’s willingness to increase the money supply? It’s despicable and one of the worst taxes because it’s invisible and it hits the poor the hardest.

Aaron Stroud’s last blog post..Can You Have Too Much Insurance?

Sigh.

Vered’s last blog post..When Successful Bloggers Try To (Gasp) Make Money

I find that inflation and Corporate compensation schemes through recent complex contracts seem to take the cream of the crop in profit and income – while remaining focused on low wages and abuse of the employee.

In addition, some products that came out are produced through sweat shops or poor conditions in foreign countries – attaining a tax break for a lower foreign tax and/or simply paying below market price for wages.

This takes away from the government provided services AND individuals here who may be unemployeed or compensated below their true value in order to remain competitive.

Talk about complex!

Rebecca’s last blog post..Book Review “Strapped: Why America’s 20- and 30-Somethings Can’t Get Ahead” by Tamara Draut