First of all, their is no "Bush plan" to outsource "menial" jobs. Second, do you ever buy a hamburger, how bout a pair of shoes? Why are you "outsourcing" those purchases? Third and finally, the problem with job creation and wage increases is a matter of government regulation in the form of taxation, tariffs(which are a form of taxation) and regulations. If a man is in a ditch with a shovel, and another man is driving a bulldozer, who makes the most money? The man on the dozer. Why? Because he is using capital to do the work of many men. So why does our federal government continually punish capital, savings, investment, employers and hard work? We should have a simplified, investment friendly, free trade policy. Some say how can I can compete against someone making 1/10th of what I do. Simple, be 10 times productive or more. What matters is cost per unit. Left free to pursue profit there is nobody that can compete with us.
That's what the buggy whip makers and the manual cotton pickers all said. Not many of them around anymore though (although some of the buggy whip makers probably did seque into providing equipment for the growing Dominatrix industry )
If the American middle class ever dies (as some are saying here that it is dying now in America), it is more from their own inability to handle their own personal finances. Outsourcing will have absolutely nothing to do with a decline in the middle class of America, but a lack of financial education will....thanks public schools!!!
1. A lousy ideal that will destroy us. 2. A great ideal that will make us all rich. 3. I don't know. 4. I don't care. I'd add fifth: the job outsourcing is a great opportunity and challenge that make some us who can take the opportunity richer and some of us who cann't meet the challenge poorer than otherwise. Overall I feel it is good to the US.
they lost their global influence, had their country flattened by bombs, and their economy absolutely decimated. so no, their standard of living now is not bad, but they went through hell to get from There to Here.
LOL First, let me say it's nice to see some intelligent comments on this thread, ET is improving... These are all good points that everyone is making and yes maybe I am an old fart now at the age of 40... BUT As I said before where are the new jobs going to come from ... for the AVERAGE Joe that is the Oil and backbone of the economy? Sure the strong and nimble will survive but we are all connected and if the Average Joe is in poverty, it will only be a matter of time before you join him, no matter how strong and nimble you think you are today. This is selfish, single and narrowminded logic that will only result in failure, as history has proven through out the ages. So if I'm an old fart and your the attitude of youth! Well I take the later because wisdom ALWAYS beats energy!
^^^assuming you're talking net, over the long term, the correct answer is neither. No that is incorrect. Money is made in America by volume. VOLUME VOLUME VOLUME. The man on the dozer can do the work of many, many men. The person that owns the dozer and employees him can afford to pay him far more than a man with a shovel, and still make money. Don't forget Say's law either. Supply creates demand. As economies of scale kick in, prices drop, and more and more people decide they need the product. Take the vcr. Friends of mine bought a vcr in the early 1980's for over $2000. As more and more were bought, economies of scale kicked in and price came down. I have two in my house now.
When I was very young I bought a garage full of Amyway for $500.00. I had more laundry detergent then the entire neighborhood could use in a 5 years BUT it still never sold at any price! It eventually cost me another $50 to ship it to the dump! LOL :eek: