[Jaysun]

The thrust of Samuelson's analysis is that a country like China, basically a low-wage economy, will create a net negative impact on the American people, when it manages a substantial rise in productivity in an industry in which the United States was earlier a leader. Initially, American consumers may benefit from low-priced goods in their supermarket chains, but their gains may be more than neutralised by large losses sustained by American workers who lose their jobs.

This is a strange theory. What industries is he talking about? The telemarketing industry? The industry responsible for producing goods for the "Dollar Store"? Can anyone think of an industry that we are presently the most productive in, but that also has seen widespread movement to foreign countries?

[Lloyd227]

"Can anyone think of an industry that we are presently the most productive in, but that also has seen widespread movement to foreign countries? "

Basic/bulk programming and software development.

[Verax]

Some data...

[iconoclast]

This is a strange theory. What industries is he talking about?

Uhh.. what about electronics, autos, computers ... ad nauseum.

What's your real name, Rip Van Winkle?