A point to consider here is that US industry decided it would come out cheaper by going for private group health ins and private pension plans than it would paying higher taxes for nationalized health care and pensions...since US business operates mainly on a "get results this quarter" mode, and no real "globalization" existed, it worked fine in the "fat" years. Now they find themselves trying to compete, on labor costs, with countries in which most health and pension costs are gov"t costs, and with new startups working in a labor-surplus environment, who can get workers cheaper. While labor costs, like subprime mtgs, can get out of hand, every dollar taken from the workers pay is one less to be spent, and that"s a problem where consumer purchases are 3/4 of the economy.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
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