An article from Breakingviews.com entitled, "Americans Are Overpaid" reported that for the global economy to rebalance, the pay gap between Americans and the rest of the world must shrink.
According to the article U.S. workers are overpaid, relative to equally productive foreigners doing the same work. If the global economy is ever to get back into balance, that gap needs to be closed.
Does any body agree with this? Why shouldn't Americans make more money or anyone for that matter? But Americans take advantage of the higher productivity that makes our country rich: better education and infrastructure, abundant capital and more developed work ethic.
I think Americans need to get back to work so they can start getting out of debt. Without higher pay and working Americans we''ll never get this economy going again,
Are you willing to take a pay cut to get the global economy going again? Should American wages be higher? How high should they go? Read the entire article here and sound off.
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