It is well documented that the worker is the single most expensive cost to production. Not only does the employeer have to pay higher wages, if there is still a retirement plan that costs the employeer more, social security costs the employeer mor, and insurance costs the employeer more to name a few.
That is influnced by the share holders an entirely different aspect. Perhaps if the American worker got paid what he was really worth the jobs would still be here.
Absolutely not. I retired at 40, 10 years ago making a respectable salery. For the last 10 years I have been self employeed and make about 1/3 of my previous salary. I knew that going in and have no problem with that. Additionally I live within my meens and am debt free. If you have a brain and money sence you can get by with a compeditive salary.