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To: central_va
labor arbitrage on an international scale to the lowest bidder

Also consider that robotics is automating many repetitive jobs. If the third world labor don't get you the robots will.

We are entering a new economic paradigm. it's hard to see how it will work. I don't know if it is possible to stop it. Certainly we can fight for fair trade. But if we try to reverse course, I think we will be left in the dust by rest of the world.

35 posted on 03/30/2016 8:00:49 AM PDT by oldbrowser (The republican party is the voters, not the politicians.)
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To: oldbrowser; central_va
There is an anecdote about a visit by Milton Friedman to China, where he was shown several hundred workers excavating a foundation using nothing but shovels.

He pointed out that one man with a bulldozer could do the job in a couple of days, to which his Chinese guide replied "Yes, but we could not cope with the resulting unemployment."

Friedman's response: "Well, if it's employment you want to guarantee, then throw away the shovels and give them all spoons."

"central_va" and his colleagues are the Spoon Brigade.

44 posted on 03/30/2016 10:08:23 AM PDT by Eric Pode of Croydon
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