dagblog - Comments for "Obama Thinks Worker Skills Are The Problem?"

100 years from now economic

Flavius — Fri, 10 Jun 2011 11:28:02 +0000

In reply to Sure, they live in the same

100 years from now economic historians will look back on our Free Trade philosophy and think we were out of our minds.

How could we even have contemplated exposing our own citizens to competition from the subsistence level wages available as each developing country reaches a stage of political stability that makes it an attractive production site. ? Doesn't that inevitably point towards our developing our own under class of unemployed ,under educated, under serviced "proles". ?

Madness.

breath. I don't spel so good.

Flavius — Fri, 10 Jun 2011 11:17:55 +0000

In reply to What is my 'breat', and how

breath

. I don't spel so good.

Sure, they live in the same

kgb999 — Fri, 10 Jun 2011 07:00:47 +0000

In reply to Yes. I agree. You have a

Sure, they live in the same WTO world. That doesn't mean they mirror our free trade policies or align the regulatory and taxation incentives in the direction of encouraging corporations to move their work force's employment to third-world economies.

Their manufacturing may be competitive ... but comparatively, their CEO compensation sucks ass.

What is my 'breat', and how

Cho — Fri, 10 Jun 2011 06:03:06 +0000

In reply to I don't argue that no country

What is my 'breat', and how do you know I was holding it...? Is this more of that sexual innuendo I'm not understanding...?

and if so, is this webcam on or something...grumble grumble

Note to self: change pseudonym.

I don't argue that no country

Flavius — Fri, 10 Jun 2011 04:34:02 +0000

In reply to Yes. I agree. You have a

I don't argue that no country anywhere will ever resist the impeccable capitalistic logic which dictates whenever possible outsourcing production to subsistence-wage venues. Just don't hold your breat.

Germany and Japan were

Resistance — Thu, 09 Jun 2011 21:18:00 +0000

In reply to Yes. I agree. You have a

Germany and Japan were completely modernized after the war; giving them an advantage.

Yes. I agree. You have a

Cho — Thu, 09 Jun 2011 19:39:57 +0000

In reply to Hourly compensation rates in

Yes. I agree. You have a wonderful theory that OUR WORLD SADLY WON'T LIVE UP TO.

I'm sure there's a wonderful world out there where it does apply. I hope you find it.

;0)

Again. Germany. Japan. Competitive manufacturing. They live in the same WTO world as the US.

Hourly compensation rates in

Flavius — Thu, 09 Jun 2011 19:12:43 +0000

In reply to High unemployment is the

Hourly compensation rates in 2007

US 30.56,Korea 18.36,Singapore 15.43,Taiwan 8.15,Mexico 3.91..

Combine these rates with the container ship- and it follows that manufacturers must out source internationally to remain competitive. Unless we accept Keynes advice to

"let goods be homespun whenever it is...possible"..

How to make that happen

The virtue of protection is that it does the trick

According to Skidelsky Keynes view was that "Free trade policy was part of an .....argument....... in which employment would always be distributed in line with comparative advantage." But

......most modern mass-production pocesses can be perfomed in most countries and climates with almost equal efficiency

i.e.it's not efficient to make things in Seoul and ship them to be used in Detroit instead of just making them in Detroit.

High unemployment is the

Cho — Thu, 09 Jun 2011 17:14:39 +0000

In reply to High unemployment is the

High unemployment is the result of free trade.

Germany unemployment: 6.1%

Japan unemployment (pre Tsunami): 4.6%

Netherlands unemployment: 4.2%

etc.

I don't think free-trade is an adequate explanation. Labor market can do alot.

High unemployment is the

Flavius — Thu, 09 Jun 2011 17:04:24 +0000

In reply to Obama Thinks Worker Skills Are The Problem?

High unemployment is the result of free trade.And there are no steps Obama or anyone else can take to restore full employment as long as corporations have to choose between a $20/hour American worker or a $5/hour East Asian.

The thing about tariffs is....they do the trick

Keynes