RE: South African miners strike spreads to GFI That is an interesting article Petersburggray. I guess the big question with the pay scale is whether the workers are underpaid or management is way overpaid. I was listening to Jay Taylor's podcasts and he had a woman named Ilana Mercer on who lived in South Africa and she had an interesting viewpoint on it. The main point that stuck with me is that we get most of our data from the mainstream media. For example, most everyone here has heard that police killed 34 miners while trying to break up the strike. Most of us would have been thinking along the lines of police brutality to the extreme. Most media failed to stress that the strikers were attacking the police with weapons and that the strikers were threatening to kill anyone who crossed their picket line. Another thing mentioned is that they were killing Afrikaaner farmers and calling it a labour dispute. South Africa is turning into another Zimbabwe. The whites who ran the country an abundance of things to be criticized for, but the blacks that are taking over the government are worse and this will become more and more evident as time goes on. Those mines are becoming less and less profitable and I am pretty sure most companies would close their doors before giving the employees 300% wage increases.
Bob