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I have an idea for the preventing of outsourcing/offshoring jobs abroad - simply ban it.
If companies can't relocate to cheaper countries than they will have to stay at home to create jobs.
why not?
A recent post about the Tuna industry in Samoa (?) gave me an idea.
There, when they put the min wage up in this industry, many companies just moved to other islands where labour was cheaper - then they sold the canned product back to their own people.
Why can't we just ban this practice, nationalise the tuna industry and keep the jobs on the island?
Perhaps even sell the finished product at a loss even.
could this work and why/why not?
Last edited by Kenneth-Kaunda; 08-01-2012 at 01:40 AM..
Perhaps even sell the finished product at a loss even.
could this work and why/why not?
REALLY? How about this, when payday comes your boss tells you "we didn't make any money this week and expenses went up so all employees must pay back $100 or will be fired".
Perhaps even sell the finished product at a loss even.
It's already the case with a big chunk of American and European food.
Quote:
So we nationalise the tuna industry, keep our own jobs on the island and then still sell any surplus to neighbouring islands at the going rate.
The loss will only be artificial as all the profits will go to the state.
To add to your idea: the tuna, sold at a loss domestically, will also contribute to other things, which are profitable.
But there are downsides as well. If the tuna industry is state-run, then you'll likely face the inefficiency problem - and it can be HUGE (not that it should be, of course!). If you let it private, but enforce strict selling rules... well, if you know how to do this, a few decades ago you would be hailed by the Soviet government and people. In USSR independent farmers simply asked the government to go F itself with such laws.
If you are really interested in this idea - study socialism, from Marx, to Soviet Union (more than you can possibly read, but, unfortunately, not in English), to Stiglitz, Krugman and the like.
Today, it's not too hard to succeed where USSR failed, but there is a problem - the rich absolutely don't want this to happen. That's also the primary reason why socialism in Russia has failed - the Cold War was too much of a burden, and Soviet conservatives, entrenched in the government, wanted to be much richer than they were.
You know what is going to fix out sourcing? The .01% will invest in real estate over seas, and to recoup their investment, they will charge rent to those working over seas driving up their subsistence costs eventually to the point that it is the same level as ours.
That is how it will be "fixed", not how it should be of course.
I believe Kenneth starts these threads with an outrageous topic to see what kind of response he can get.
I think his real name is Paul Krugman!
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In USSR independent farmers simply asked the government to go F itself with such laws. 
