[Jewelry making - Article 00256] - Re: [Orchid] Employment frustration

[Lee Einer]

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    How the people are doing who are or were buying your jewelry is a
    separate issue from how the "economy" is doing. 

    Looking strictly at issues like GNP and inflation will not show that
    the earnings of working people are stagnating while their expenses
    are on the rise. Only a relative few are benefiting from the gains of
    the current economy. 

    This is a similar phenomenon similar to that of the Peruvian
    economy. For awhile, back in Reagan's time, it was touted as the
    great success story of Latin America- the average earnings were
    around $20,000 per year. But a closer look showed that this average
    was based on the vast majority of Peruvians living in crushing
    poverty while a handful of ruling families got fabulously rich
    selling off Peru's natural resources to foreign interests. So it was
    like saying that if you pack your head in a block of ice and immerse
    your feet in boiling water you will be at a comfortable temperature,
    on the average. 

    It is not a healthy situation. 

Lee
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