The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: Is your 401(k) Inadequate For Retirement||Date: 7/30/2008 5:09 PM|
|Author: Howie52||Number: 13750 of 20077|
"We're a productive Nation, no doubt about that. We've squeezed a heck of a lot of productivity out of our labor force by driving wages down, and reducing or eliminating benefits (most notably, health insurance). We can't have it both ways: low wages, few benefits, yet self-sufficient retirees.
You can't squeeze blood from a stone."
And here I thought we were losing manufacturing jobs because the labor
costs were too high in the U.S.
And it turns out that we have the opposite problem.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|