gut;1263914 wrote:Did you watch Obama's speech last night? What did he say about jobs coming back because American's are more competitive (i.e. skilled). So what's that mean for the jobs that left and haven't or won't come back?
Your views reflect someone clueless about competition. It's like you think American companies have some monopoly on what they want to charge, and their costs of production are irrelevant. I notice you don't advocate sending all those jobs for foreign companies back home.
But feel free to answering my question when you get around to it. Is the number of outsourced jobs greater than the 5M+ workers employed here by foreign companies?
1. I didn't watch Obama's speech...or anyone's speech at these conventions. I have better things to do with my time than watch political informercials that say the same thing over and over and over.
2. I am hardly "clueless" on competition. That's always been your feeble retort. It is YOU that is feeble minded on what free market competition entails...as espoused by the original "free hand" marketers of Adam Smith's day.
3. And your last point is truly irrelevant to the case I've presented...and you know it.
It's time for YOU to answer MY QUESTIONS for a change.
Since I've been an adult, we have transferred our trade balance from being the largest creditor nation (circa early 80's) to the largest debtor nation today. Why? Answer it. Over that same period, we have, for the first and only time I might add, seen the inflation adjusted purchasing power decrease for the vast majority of our working people over that period. Why? Answer it. During that same time frame, we have increased our national debt 16 fold in 32 short years...barely one generation....in order to keep the masses employed, fed and housed. Why? Answer it.
What is the one common denominator? to all this shit?
You are so indigenous in your replies to me...it makes you look ignorant...especially for one with 3 degrees in so called economics and finance. I have explained quite clearly...over and over and over again.....wages are only one part of the equation. Yet you never acknowledge a word I say on this. Why? Because you have no argument as to the whys? Is that it?
David Ricardo was a brilliant economist of his day...and expounded on A. Smith's view of free trade. Ricardo was the recognized champion in explaining "comparative advantage" whereby countries would all profit through the utilization of their natural resources. Ricardo however, whould roll in his grave given the facts of how "comparative advantage" is misused today. Never...in any of Ricardo's works did he speak of unbridled labor abuses to gain "comparable advantages".
You and your brand bitch, cry, moan and decry people like Obama and his horrible job numbers. Yet, it is you and yours that are complicit to the fundamental problem that is NUMBER ONE in the contribution to huge national debts, huge unemployment, a shrinking GDP, greatly reduced tax revenues, and the inevitable result of us being the largest debtor nation on the face of the planet.
You want third world America? You'll get third world America. To you and yours, take a well deserved bow.