Posted on 01/30/2006 7:24:12 AM PST by Fawn
Maybe not double but certainly increase sharply. It doesn't matter if a price is high if your wage rises with it. Money doesn't have any other value than what men put on it. With internal trade, prices will not rise beyond the prevailing wage. The market forces will keep the two in line. Job abundance and relative worker scarcity will keep the wages in line with prices.
We don't have to wonder about this process. It has already worked. What's the point of changing it? 
So, sneakers double in price and my salary will increase sharply? Why? Does my employer have to boost my salary to stay competitive with sneaker makers?
With internal trade, prices will not rise beyond the prevailing wage.
Why? How much will these American shoe makers pull down in salary? $6 an hour? $20 an hour?
Job abundance and relative worker scarcity will keep the wages in line with prices.
So, salaries double, prices double, how is that not 100% inflation? How does that not destroy 50% of our savings?
Right. Why worry? It's not like Americans need to drive to work. It's not like our goods are shipped in trucks.
Every time our people have been squeezed, geniuses have popped up all over the place. $180 a barrel is pretty tight squeeze.
Yes, a tight squeeze. Remind me what that squeeze in 1973, when oil quadrupled, did to our economy. Did our squeezed geniuses finally build the nuclear powered car? Or did we just go into a recession? That won't be a problem because we'll have all the new sneaker making jobs to boost the economy, right?
It must be like Communism to the left. The only reason it hasn't worked is because the right people haven't tried it yet.
Hence the reason for outsourcing....
These blokes know how to use tariffs.
"The only reason I'm able to glean is that trading spit with other nations to such a degree will make them dependent on the American consumer for their riches, so that they wouldn't dare attack us. This shows an abysmal ignorance of human nature, especially that of despotic regimes. "
This may be my new tagline.
You mean the Indians don't want or get health insurance? Do you have health insurance? Do you know how much it would cost for just a mammogram, exray, dr. visit? Do you think it's too unreasonable to have insurance??
No, sneakers increase sharply. Double/double is for comparison purposes.
Does my employer have to boost my salary to stay competitive with sneaker makers?
Not on purpose. It just works that way with internal production and trade. It can't work that way when production and trade occurs internationally because oppressive regimes force their people to work at a repressive wage.
Why?
Because if they did people couldn't buy them.
So, salaries double, prices double, how is that not 100% inflation?
If wages stay consistent with prices, there is no underbuying and no overbuying. "Money" does not have a divine value set by God.
It was about that time when serious starts were made to find alternatives. There are alternatives to sources of refined fuels now (not corn or hydrogen), facing barriers to commercial production, not because they don't work.
Why limit ourselves to nuclear powered cars?
Never the less, foreign oil prices can only go up so far before it will be cost effective to squeeze the vast energy resources in oil shale, and other sources The oil argument is not a good one.
It is just an on-going saga of sing/song voices reading from a canned script....
...the computer customer be damned.
I suppose you have a real world example where a country stops imports and their economy doesn't sink?
If wages stay consistent with prices, there is no underbuying and no overbuying.
How do wages stay consistent with prices?
Saying it is ridiculous to think that 8 miilion domestic barrels a day would be much more expensive than the 20 million barrels we currently consume is not a good argument?
Why doesn't 8 million barrels at $180 each crash our economy?
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