Replies

Do that every day.

I remember when my family couldn’t really afford to buy me new shoes. They cost $35. My feet hurt. $35 was my mom’s food allowance for 2 weeks.

Now, I have shoes coming out of my ears. They’re still $35. The difference is (shockingly bad monetary policy and dollar degradation aside), it took my dad about 5 hours of work to earn me a pair of shoes. Now, it takes me about 20 minutes of work to earn a pair of shoes.

Comparative Advantage works! Let the Chinese make shoes. I’ll make software. Damned if I want my daughter working in a shoe plant.

212 posted on 02/04/2009 7:21:50 PM PST by Uncle Miltie (Congress declares a National Dividend in the amount of $9,000 per taxpayer instead of Porkulus.)

To: Uncle Miltie; All

218 posted on 02/04/2009 7:27:33 PM PST by LowCountryJoe (Do class-warfare and disdain of laissez-faire have their places in today's GOP?)

To: Uncle Miltie

But you see the Chinese will eventually make the software as well or some other third world country will...this is the problem with trade as practiced today.

228 posted on 02/04/2009 7:37:54 PM PST by nyconse

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