re: Compaines that are raising there pay rates

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I think that you are trying to articulate that your strategy is to expand and protect employees during a cyclical downturn in your industry. You believe that by doing so you will emerge stronger during the inevitable business upswing due to your human resource advantage. You also believe that your superior liquidity, combined with incurring lower SG&A costs, will allow you to survive an environment that might imperil the viability of competitors that are not as well positioned. Is that pretty much it?

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