The Motley Fool Discussion Boards

Previous Page

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 20791

"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 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us