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With the loss of so many jobs to outsourcing of labor to cheaper nations, does anyone feel like this politically correct "global" goal and its influence on our legislation will end up hurting us or helping us in the long run?
With the loss of so many jobs to outsourcing of labor to cheaper nations, does anyone feel like this politically correct "global" goal and its influence on our legislation will end up hurting us or helping us in the long run?
Well I don't even think it is much a matter of help or hurt as much as it is what it is. I mean the financial system is already a global symbiosis, as is petroleum and labor moves by basic market forces seeking out the lowest cost to maximize profits.
Corporations like them or not are formed for a single purpose, to make the share holders money. You can no more fault a corporation for doing what it does than you can a lion when it rips the throat out of a gazelle. You may regulate or alter the laws in order to have corporations conform to whatever level of government regulation you wish, but too little and greed rules, too much and it stifles growth.
The world is simply getting smaller and more folks are competing for a share of finite resources as their societal level rises. So is it hurting us or are we just now being faced with stiffer competition?
With the loss of so many jobs to outsourcing of labor to cheaper nations, does anyone feel like this politically correct "global" goal and its influence on our legislation will end up hurting us or helping us in the long run?
Globalization isn't hurting us as much as the "not welcome" mat we have out for international corporations. It is our 35% corporate tax rate along with anti-business regulation that places us at a disadvantage in trade with other nations. Our dependency on other nations for petroleum hurts our balance of trade too. Increased domestic production along with an all out effort to use distilled fuels more efficiently without restricting its use or taxing it more will help to make us a net exporter once again.
Hmmmmm. America is such an unfriendly place to do business that half of the worlds billionaires made their fortunes here. Do you imagine they could have made more money somewhere else? Somewhere with lower corporate taxes maybe? That's right, maybe America should just scrap its labor force entirely and become a tax haven. Not.
LOW MARGIN manufacturing is gone from the US and will never return.
However, the USA is still the #1 manufacturer in the world.
How can that be?
The USA is manufacturing and exporting high technology products like semiconductors, airplanes, and military weapons.
Stop your zero sum economic thinking. This is America man.
But what has the loss of that low margin manufacturing done? It has lowered the quality of goods, lowered the average wage with an ever increasing cost of living. Our dips and bumps in our economic system were far smaller when we had legislation to encourage us to produce our own goods. MILLIONS are without jobs right now, and MILLIONS of Chinese, Brazilians, Filipinos, Indonesians, Malasians, Thais, Cambodians, Hondurans, Guatamalans, Mexicans, Pakistanis, among others are making the goods that our people could be making for a higher wage and reinvesting that money back into the economy.
With the loss of so many jobs to outsourcing of labor to cheaper nations, does anyone feel like this politically correct "global" goal and its influence on our legislation will end up hurting us or helping us in the long run?
Yep... hurts America. Also hurts developing countries that get exploited for their cheap labor.
Sure... TVs, microwaves and PCs are cheaper.... but that is over rated in the grand scheme of things.
It helps the wealthy. The CEOs, the major stockholders, hedge funds, anyone who stands to gain from a 2 point tick in a stock price. (If you own 100 shares of ACME corp, I am not talking about you).
The USA is manufacturing and exporting high technology products like semiconductors, airplanes, and military weapons.
which will eventually become low margin manufacturing. It is an unavoidable cycle.
Will the U.S. maintain it's technological edge in the coming decades? How many U.S. H.S. and even college graduates are proficient in Math? Where will we get the engineers and scientists? I am sure we have a hefty supply of XBOX playing experts.
I am not an anti Capitalism guy, but I do think we need to localize economies. This needs to be done by the CONSUMERS (not the Gov't). Hav no idea how that can be achieved.... but the Global game is not helping the average middle class American. No question about that.
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