To: AreaMan
Our Hand-Loom Weavers are being replaced by a Chinese/Indian/Philipino equivalent. Good. That way our educated, productive workers can do something more beneficial to the economy.
I know it sounds counter-intuitive, but it really is good for us to export those jobs. Both sides come out ahead, us and them, in the aggregate (though some individuals are obviously harmed). Read a treatise on Ricardo's Theory of Comparative Advantage for more details.
To: Joe Bonforte
I know it sounds counter-intuitive, but it really is good for us to export those jobs.
Define "those jobs" -- do you think that just low end wage jobs that require no skill are going overseas? Just today on CNBC they stated that a radiologist in India makes $20k a year compared to the $300k one makes here. What is that radiologist that just lost his job going to do that's "more beneficial to our economy"?
27 posted on
12/09/2003 2:19:15 PM PST by
lelio
To: Joe Bonforte
Free trade only works if all parties play fair.
158 posted on
12/09/2003 6:12:00 PM PST by
johnb838
(Mr Bush, build *us* a wall...)
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