Quote:
Originally Posted by firebug
This is incorrect. We are just even better at things that provide a better return than manufacturing. Look up comparative advantage.
Think of it this way... Do you know how to make your own blue jeans or repair your own car? (neither do I)
Do you panic about that fact?
Most of us are better at other things than those two examples so we do and get paid for what we are good at and hire someone who is good at other things to do them for us rather than do it ourselves.
The same principles hold true on a national level.
|
America was a manufacturing juggernaut. Once upon a time they made the best of everything.....
Now, with "free trade", you have American middle-class labor directly competing with 3rd world slave labor. The result of this, is that middle-class jobs are being sent offshore to save costs for the big corporations, and these jobs are being replaced with service industry jobs, that generally pay much lower on average.
http://www.huffingtonpost.com/2011/0..._n_827360.html
By merging the western middle-class labor pool with the rest of the world, the standard of living will be merged as well, and Americans will be living like Mexcans/Chinese in no time.