To: agere_contra
America is in trouble not because of Free Trade, but because it can't compete.
As someone else said, "You're kidding, right?"
How does anyone in this country compete with $1/hr., no matter how productive they are?
What about the $20/hr. senior engineers overseas? How is someone supposed to justify getting a degree if that's all you'll ever make?
The natural result of globalization is leveling, which means we'll meet them in the middle. Bad for us because we're above the middle. It also means massive deflation, because lower wages mean people can't afford the current prices for housing, education and health care, and also means defaults on loans of all types as people's wages decrease, but what they borrowed doesn't. Sound familiar? We can't be a nation of 300 million marketing people and salesmen.
25 posted on
02/18/2010 6:34:22 AM PST by
BikerJoe
To: BikerJoe
As long as you understand that we cannot be a nation of 300 million factory workers . . . some do not.
Goods and services production are symbiotic (which is essentially VDH's point), not exclusive to each other.
26 posted on
02/18/2010 6:37:48 AM PST by
1rudeboy
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson