America agrees to send all our jobs to China. Well, actually, yes.

[JS80]

How is China wanting to be slave labor for the world a bad thing for us?

 

[Gonad the Barbarian]

It's not, it's great. We'll buy all those cheap products with all the money we make from... umm... oh crap.

 

[yllus]

The U.S. probably can't win a currency war with China anyways - yes, it could eventually force China to allow the yuan to gain value, but at what cost? New import tariffs and the endless WTO challenges that would ensue? The added expense added to consumer goods? The inflation that would result? The loss of 20% of the market for Treasury bills that China represents? All this for what, a theoretical increase in jobs?

 

[Acanthus]

The U.S. probably can't win a currency war with China anyways - yes, it could eventually force China to allow the yuan to gain value, but at what cost? New import tariffs and the endless WTO challenges that would ensue? The added expense added to consumer goods? The inflation that would result? The loss of 20% of the market for Treasury bills that China represents? All this for what, a theoretical increase in jobs?

Well you don't need to borrow nearly as much when 20% of your nation isnt unemployed or underemployed...

Prices didn't wall when trade with China was introduced, nor have they fallen as trade has accelerated.

 

[JS80]

It's not, it's great. We'll buy all those cheap products with all the money we make from... umm... oh crap.

Clearly, the world values providing services (which takes brainpower) more than producing crap from a manufacturing plant (which any monkey can do). Learn some economics and come back for an educated discussion.

 

[Acanthus]

Clearly, the world values providing services (which takes brainpower) more than producing crap from a manufacturing plant (which any monkey can do). Learn some economics and come back for an educated discussion.

Clearly, since the average wage for the respective sectors of the economy you are talking about are exactly the opposite of what you imply.

 

[JS80]

Clearly, since the average wage for the respective sectors of the economy you are talking about are exactly the opposite of what you imply.

You're right, Apple engineers who who their brainpower and creativity to produce fanboy products make less than the Foxconn assembly line workers because they are making physical goods not dealing with fairy ideas.

 

[Acanthus]

You're right, Apple engineers who who their brainpower and creativity to produce fanboy products make less than the Foxconn assembly line workers because they are making physical goods not dealing with fairy ideas.

You are comparing a highly educated job (masters minimum) to a zero education job (HS).

That is NOT the service sector that our economy is shifting toward.

Do we really have to get into this semantics argument? You know exactly what i'm talking about JS. i know you are well versed in economics.

When you take a $15 an hour unskilled labor job and replace it with a $.25 an hour unskilled labor job overseas and import the good and sell it for the same price... The average american does not benefit. The managers and investors do.

An education arms race will not fix the economy. We can't have 310 million apple engineers and you know that.

We can't keep having stupid red herring arguments over such obvious topics.

 

[JS80]

You are comparing a highly educated job to a zero education job.

That is NOT the service sector that our economy is shifting toward.

Do we really have to get into this semantics argument? You know exactly what i'm talking about JS. i know you are well versed in economics.

When you take a $15 an hour unskilled labor job and replace it with a $.25 an hour unskilled labor job overseas and import the good and sell it for the same price... The average american does not benefit. The managers and investors do.

An education arms race will not fix the economy. We can't have 310 million apple engineers and you know that.

We can't keep having stupid red herring arguments over such obvious topics.

Americans as a whole absolutely benefits. Sure there is short term pain for the unskilled idiots who fucked up in high school, but they are actually the MINORITY, not the "average" as you seem to think. Believe it or not, managers and investors are Americans too. What's great about an economy is that it's not zero sum. Instead of putting together some stupid phone like a monkey, that "unskilled" person can now go learn some skill and bring value to the economy.

Outsourcing menial jobs is absolutely the right thing to do. It will force people to get an education and punish those who ignore these truths. You assume people are not resourceful and would starve on the street homeless. People like you were saying the same shit when the American steel industry was getting undercut by the koreans and the japs. But people weren't dying en masse on the street. The idiot union douchebags that refused to adapt stayed poor, while the rest of the country prospered.

This is a country where some Jersey guidos can become millionaires acting like douchebags on TV. Why the fuck would we want to keep manufacturing jobs?

And yes, we can have 310 million engineers if there are 1.3 billion manufacturing slaves on the other side of the planet.

And if one day China decides they no longer want to be slaves to the world, then the price equilibrium will shift and economics will bring the jobs back to the US. After India, Vietnam, and other emerging markets that is.

 

[Acanthus]

Americans as a whole absolutely benefits. Sure there is short term pain for the unskilled idiots who fucked up in high school, but they are actually the MINORITY, not the "average" as you seem to think. Believe it or not, managers and investors are Americans too. What's great about an economy is that it's not zero sum. Instead of putting together some stupid phone like a monkey, that "unskilled" person can now go learn some skill and bring value to the economy.

Outsourcing menial jobs is absolutely the right thing to do. It will force people to get an education and punish those who ignore these truths. You assume people are not resourceful and would starve on the street homeless. People like you were saying the same shit when the American steel industry was getting undercut by the koreans and the japs. But people weren't dying en masse on the street. The idiot union douchebags that refused to adapt stayed poor, while the rest of the country prospered.

This is a country where some Jersey guidos can become millionaires acting like douchebags on TV. Why the fuck would we want to keep manufacturing jobs?

And yes, we can have 310 million engineers if there are 1.3 billion manufacturing slaves on the other side of the planet.

And if one day China decides they no longer want to be slaves to the world, then the price equilibrium will shift and economics will bring the jobs back to the US. After India, Vietnam, and other emerging markets that is.

If ANYTHING you said was true, the Gini index wouldnt look like it does... The CPI wouldn't look like it does... The trade deficits wouldn't be further rising and GDP growth wouldn't be sluggish. Are our unemployment numbers simply "people temporarily unemployed while retraining?" i find that very hard to believe.

You're also not considering that people making our shit don't honor our patents and counterfeit our stuff.

 

[nobodyknows]

Oh there is a difference, but it's the same concept. We get paid less so foreigners can more easily afford our labor.

I don't know crap about economics but lowering the minimum wage is not the same concept as devaluing the dollar. As the dollar falls it affects everyone's buying power and the more you make the more it will affect you. Lowering the minimum wage only affects people making minimum wage. How you think you can argue that point is beyond me?

 

[Gonad the Barbarian]

Clearly, the world values providing services (which takes brainpower) more than producing crap from a manufacturing plant (which any monkey can do). Learn some economics and come back for an educated discussion.

Your ramblings sound just like a bunch of my econ professors up and into 2005 still worshiping at the alter of free trade. I got my econ degree that year, then got my real econ education in 2006 onwards. So I have learned some economics, you should try the same.