----- Original Message -----
Sent: Tuesday, July 29, 2003 3:01
PM
Subject: RE: ShopTalk: Was LDC; is, real
life
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
In a message dated 7/29/03
11:31:08 AM Eastern Daylight Time, [EMAIL PROTECTED] writes:
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.
