Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Will88
I consider the economic nitwits to be all those who constantly spew nonsense about free trade (that doesn't exist) and free trade agreements they say will open new markets for US products, but mostly open up more cheap labor for US jobs to move to, while removing tariffs for the export of the products back to the US.

If you include CEOs and boards of directors among the "economic nitwits," then I guess we can agree. And if you fold in a corporate culture that focuses on near-term profits without much regard to long-term consequences, then I agree even more.

But we have to acknoweledge that they didn't just randomly decide to off-shore manufacturing capabilities. In reality, they're responding to real economic pressures, related to the high relative costs of doing manufacturing in the US.

Those high costs have a lot of causes, including taxes, regulations, unions, and the wage/benefit expectations of American employees.

And it's all made worse by the fact that it's impossible in today's political environment to have an extended, rational discussion on any of those things.

25 posted on 11/24/2010 8:41:18 AM PST by r9etb
[ Post Reply | Private Reply | To 18 | View Replies ]


To: r9etb; All

Yes,thanks to hundreds of thousands of pages of anti-business and pro union regulations and the EPA, the U.S. manufactures very little.And even that is going away.


26 posted on 11/24/2010 8:45:31 AM PST by Democrat_media (Why is no government creating a product we can hold in our hands like a cell phone..?)
[ Post Reply | Private Reply | To 25 | View Replies ]

To: r9etb
Those high costs have a lot of causes, including taxes, regulations, unions, and the wage/benefit expectations of American employees.

There is some truth to all of that, but I always think how one of the first industries to be decimated was textiles and the associated sewing plants. Those jobs were mostly non-union and paid around $8.00 per hour and less when they really began to disappear in the 1980s, or before. When jobs can be moved to $.50 per hour labor as was the case a few years back, still to $1.00 per hour labor, it doesn't have a lot to do with efficiency or anything else. It has to do with reducing the US standard of living because the jobs are only partially being replaced, as our real unemployment rate and the explosion of temp and part-time work shows.

And since China India have combined populations of 2.3 billion, and Indonesia and other nations easily kick that to 3 billion, then there is virtually unlimited cheap labor, both unskilled and skilled, available to export and outsource to.

It's just a question of how much Americans will allow their standard of living to be reduced. There is no strategy to combat the available cheap labor because it isn't possible to backfill with newly created jobs all the jobs that are being exported, because we need jobs for every educational and skill level. And we always will need large numbers of jobs at every skill level.

Germany has followed a sane policy. The US has not, but it will take more years and more deterioration before the nitwits and peddlers of one-sided trade as free trade will admit the to the disasters they have brought.

31 posted on 11/24/2010 9:01:00 AM PST by Will88
[ Post Reply | Private Reply | To 25 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson