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08-14-2020, 06:34 AM
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3,940 posts, read 2,046,560 times
Reputation: 8873
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I’m voting for the 80% leisure-based economy. The other 20% will be made up of politicians who compete for my vote by loading more money on my digital wallet.  |
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08-14-2020, 07:07 AM
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Location: Bangkok
11,954 posts, read 6,204,068 times
Reputation: 21005
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Quote:
Originally Posted by Elliott_CA
It'll be viable as long as comparative advantage makes it worthwhile to import manufactured goods instead of making them ourselves. The U.S. excels in the service sector because there are high value, high expertise services we can export, and consume domestically, that no one else does or not as well.
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Combination of this and efficiencies in production have allowed developed countries to continuously expand the services sector of their economy. |
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08-14-2020, 10:39 AM
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15,877 posts, read 12,690,105 times
Reputation: 9719
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I we become mostly services, then depend on other countries for agriculture, and industry. That puts us at disadvantage.
A better economy is everything in one country. Look at one trick ponies like Venezuela or places that depend on hospitality for the most part
Plus is not like we are over retailed as is, or over lawyered
https://www.nreionline.com/retail/us-over-retailed
https://www.thoughtco.com/are-there-...awyers-4026025
Heck look at the IT industry. Can we base our economy on importing workers who constantly drive down the wage for that job?
Last edited by NJ Brazen_3133; 08-14-2020 at 11:07 AM..
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08-14-2020, 01:41 PM
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6,503 posts, read 2,836,526 times
Reputation: 7891
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Quote:
Originally Posted by TimAZ
I’m voting for the 80% leisure-based economy. The other 20% will be made up of politicians who compete for my vote by loading more money on my digital wallet. |
And sadly there would still be theft, drugs, and violence. People will invent social problems (that's kind of already implied, right?) where were none to begin with. |
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08-14-2020, 02:43 PM
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5,449 posts, read 2,299,170 times
Reputation: 2522
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08-14-2020, 09:37 PM
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Location: Bangkok
11,954 posts, read 6,204,068 times
Reputation: 21005
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Quote:
Originally Posted by NJ Brazen_3133
I we become mostly services, then depend on other countries for agriculture, and industry. That puts us at disadvantage.
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This isn't true.
If automation has increased efficiency while reducing manpower and prices in agriculture to the point where a smaller sector of the economy can feed all the people, then that is where you're at... you don't have a glaring weakness in ability to self-sustain just because that cheap food production doesn't take up a bigger portion of GDP.
If a country can't produce enough to self-sustain then it depends on other countries, but that's an entirely different thing than it not being the largest portion of an economy. |
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08-15-2020, 02:43 AM
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Location: Sacramento County
156 posts, read 83,597 times
Reputation: 311
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Quote:
Originally Posted by lieqiang
Combination of this and efficiencies in production have allowed developed countries to continuously expand the services sector of their economy.
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You mean the "lowest paid" sector of their economy.
Service jobs pay utter crap. That's why half of American jobs out there pay under $30K a year! |
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08-15-2020, 04:16 AM
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Location: The Triad (NC)
33,095 posts, read 77,640,669 times
Reputation: 41398
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Quote:
Originally Posted by JobHunter2018
That's why half of American jobs out there pay under $30K a year!
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They pay crap because of how many others can easily jump into a position.
The same basic dynamic that exists in the lowest MW levels: Too Many People. |
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08-15-2020, 12:21 PM
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1,408 posts, read 963,056 times
Reputation: 2809
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Quote:
Originally Posted by kanonka
It's not viable and never has been.
And no, coming back to industrial economy is no longer possible here.
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^ This.
It's never been viable. Service economies don't last long. We need to actually manufacture things here en masse, but I don't really see that happening again any time soon. IMO, the U.S. is no longer a "shining city on a hill" and won't be again for a very long time. Another country is going to take our place. |
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08-16-2020, 01:41 AM
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Location: Sacramento County
156 posts, read 83,597 times
Reputation: 311
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Quote:
Originally Posted by MrRational
They pay crap because of how many others can easily jump into a position.
The same basic dynamic that exists in the lowest MW levels: Too Many People.
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And therein lies the problem with the argument that we need a more educated workforce. It's not that we don't, we actually do - the problem is that when we do turn all those low end workers into PhD-holding engineers, the value of those high-paying engineering jobs will implode because... too many people, too few jobs. We exported too many jobs.
Quote:
Originally Posted by Flyers Girl
^ This.
It's never been viable. Service economies don't last long. We need to actually manufacture things here en masse, but I don't really see that happening again any time soon. IMO, the U.S. is no longer a "shining city on a hill" and won't be again for a very long time. Another country is going to take our place.
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Nope, no country is taking our place. Machines are taking our place. |
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