Cheap American Labor

American workers working for European companies should insist they be paid in euros. Imagine American workers as now a cheap source of labor. I guess Chinese-style wage rates can't be too far behind in America. So China might be using the US as a cheap source of labor soon.


Another strategy for European companies is for them to sell their products in Euro.

If Airbus, for example, sells in dollars, all delivery contracts will suffer from the dwindling dollar.