RE: Unemployment. Honest debate.
August 30, 2011 at 5:00 pm
(This post was last modified: August 30, 2011 at 5:14 pm by Anomalocaris.)
(August 30, 2011 at 4:41 pm)Rhythm Wrote: Exactly what we need to think about, outproducing the chinese in the plastic baubbles dept. Later, we can erect temples to our idiocy with them. Is it so absurd to demand that workers everywhere have a greater share in the profits of the business that would not exist without them? Again, the world didn't suddenly become poor, the money simply changed hands.
Who said we have to compete with the Chinese baubble for baubble? It's precisely not the baubbles but things which we really could add more value in proportion to our greater salary that we should concentrate. Let the Chinese make baubbles, we should find something we make 5 times better than they do if our worker cost 4 times as much. This is exactly why we should outsource.
If we don't outsource, all we are doing is to subsidize American labors for getting paid more, while producing less. Cooperation might seem like a cushy, foresight obscuring way out, but in the long run, no economy can long prosper by costing more to produce less. And to sustain the ability to produce more for unit cost, this efficiency has to penetrate pretty thoroughly throughout the economy, down to the minimum wage earners.