Response to ‘Dutch Disease’ Editorial
Excellent editorial (Avoiding Dutch Disease August 15, 2012) I hope you can influence your government so that inflation does not price your labor too high for the world market.
Since your economy is based on labor you need to keep your labor cost low. I hope your unions also know that low labor costs mean more union jobs.
The labor movement in the US is declining because labor costs are too high for the world market. The unions worked with the government to increase inflation.
The unions thought that larger paychecks would benefit the workers, and the government thought larger paychecks meant more tax revenue.
Now there are few union jobs and less tax revenue. The US has a heavy debit burden now because of short sighted unions and government.
Robert L Froman