Hey
you guys,
I
enjoy your posts about golf clubs because you know what you are talking about.
That is not the case when you talk about "exporting jobs" and inveigh against
free trade. This is the kind of cr*p you hear from scurrilous politicians trying
to dupe us into voting for them.
World
capital is not flowing to countries with low wage rates, but is
disproportionately coming here - because of our skilled labor and management,
because of people like you. We benefit from free trade - in fact all
participants usually benefit. Here is a good though long article on
'comparative advantage,' which explains the notion and why it is
counter-intuitive:
Here's
another perspective dealing with manufacturing:
And
another one dealing with the myth that the trade deficit is somehow a bad thing
for us:
My
three cents. Get your cannons ready...I've got the garbage-can lid over my
backside.
L.
Hunter Kevil
-----Original Message-----In a message dated 7/29/03 11:31:08 AM Eastern Daylight Time, [EMAIL PROTECTED] writes:
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]
Sent: Tuesday, July 29, 2003 2:12 PM
To: [EMAIL PROTECTED]
Subject: Re: ShopTalk: Was LDC; is, real life
But as offshore workers graduate from basic jobs to more sophisticated
technology work, critics here wonder if there will be high-paying, high-tech
jobs left in the United States.
This is the major problem. We are not talking about American jobs as basket weavers moving over seas! As third world basket weavers get some money, a shack with running water and indoor plumbing and something more than a bicycle for transportation their jobs get exported to another poorer country and they get into destroying the American high tech industries!
Just heard today on the radio that India is attracting Silicon Valley jobs! And I thought that all that could be produced there were cheap hammers, screwdrivers and one time use wrenches along with shirts that shrink in the first wash and colors that run faster than Bin Laden.
