I for one am surprised that so many people you wouldn't expect to are supporting American hegemony.
Finally! Companies are hiring again. Just not in the US. US companies hire overseas.
- Thread starter Karalysia
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Leonel
Breakfast Connoisseur
Hooray the rich have given back jobs they've moved overseas anyway just like I said before!
What is a dead weight loss?
What does the US primarily export these days (besides agriculture)?
American companies are doing what is best for them to make profits. In the end this is good for the American economy.
Strong foreign markets are good for the American economy.
Large corporations got a new tax cut?
No, the average Indian worker is far less productive than the average American worker.
American workers are some of the most productive in the world.
It's basically what happens when markets are inefficient. Tariffs allow inefficient producers to stay in business. The capital and labor of these inefficient producers would be better off used elsewhere.
Strong foreign markets are good for the American economy.
'Cos the job was created by American tax cuts?
Large corporations got a new tax cut?
Americans salary is much more expensive than Indians. Who won't pay for the cheaper?
Besides, they can do the same and better
No, the average Indian worker is far less productive than the average American worker.
American workers are some of the most productive in the world.
It's basically what happens when markets are inefficient. Tariffs allow inefficient producers to stay in business. The capital and labor of these inefficient producers would be better off used elsewhere.
GenMarshall
High Elven ISB Capt & Ghost Agent
I can echo the same statement as well. you don't know me nor what I do or have been doing. I've been searching for a job for a year now, a YEAR! that kind of takes a toll on a person's psyche when they become depressed, disheartened, and frustrated with the job prospects in this economy.
Are you even aware how long a nightmare I have been going through being unemployed for a year?? it's frustrating!!! to top it off, there are other people WORSE OFF than myself who, during the Great Recession lost there jobs, became homeless, and been unemployed longer than I have.
let's not forget they also imported our jobs which US companies have been outsourcing for years. I'm not talking about exporting goods, I'm talking about exporting jobs.
JerichoHill
Bedrock of Knowledge
Culture is one: movies, TV, music, etc, very popular as an export. Insert other luxury goods that emerging middle class HH's in developing economies want as status symbols.
Deadweight loss is essentially a wedge that's create by an economic policy between would would occur without the wedge and what happens when the wedge is there. Basically, you could sell more goods and more people could buy them but there's a policy in place to prevent that.
@CivGeneral
I can echo the same statement as well. you don't know me nor what I do or have been doing. I've been searching for a job for a year now, a YEAR! that kind of takes a toll on a person's psyche when they become depressed, disheartened, and frustrated with the job prospects in this economy.
And yet, it was you who said that economists do not care about the plight of the unemployed. Please quote where I stated that you didn't care about such people. Slandering people and a whole profession
Are you even aware how long a nightmare I have been going through being unemployed for a year?? it's frustrating!!! to top it off, there are other people WORSE OFF than myself who, during the Great Recession lost there jobs, became homeless, and been unemployed longer than I have.
No duh that it's frustrating. However, advocating policies that would make people in your position worse off seems counter-intuitive.
let's not forget they also imported our jobs which US companies have been outsourcing for years. I'm not talking about exporting goods, I'm talking about exporting jobs.
I've yet to see any evidence that these overseas jobs were a zero sum activity with respect to US employment.
Integral
Can't you hear it?
Why is it necessarily true that a gain in Indian jobs is a loss to American labor?
Is there any indication that the job would have opened up in the US had it not "gone overseas"? It's plausible that the job would have simply not been created at all. So we're +1 Indian job, +0 US job, as opposed to +0 Indian, +0 US. Seems like a Pareto improvement to me...
Is there any indication that the job would have opened up in the US had it not "gone overseas"? It's plausible that the job would have simply not been created at all. So we're +1 Indian job, +0 US job, as opposed to +0 Indian, +0 US. Seems like a Pareto improvement to me...
Because JOBS!!!
MobBoss
Off-Topic Overlord
Murky
Deity
I don't agree with protectionism.
From wikipedia:
agricultural products (soybeans, fruit, corn) 9.2%
industrial supplies (organic chemicals) 26.8%
capital goods (transistors, aircraft, motor vehicle parts, computers, telecommunications equipment) 49.0%
consumer goods (automobiles, medicines) 15.0% (2009)
That may be true, but that isn't really great news for the American worker. Entertainment jobs are highly centralized in a few cities (LA, Vegas and New York), require highly specific skills, are VERY competitive, and don't even pay that well (because people are willing to sacrifice wage and benefits for the prestige of making movies).
I hope we can find ways to export some more fungible goods, besides movies and CBS sitcoms.
GenMarshall
High Elven ISB Capt & Ghost Agent
Touchy, touchy
. Sorry I slandered a bunch of people and profession based that I don't trust economists.I disagree, it will keep American jobs here where they belong. Reward the companies that create jobs here, not in India or China. The "business as usual" is not cutting it, job creation here heeds to happen at a faster pace.
aneeshm
Deity
Though I feel sorry for your plight, there is no obligation a corporation has to workers it has formerly employed; the days of the serf's loyalty to his lord and of the lord's duty to his men are long gone. Jobs are consensual contractual relations, not obligatory feudal ones. As long as both parties to the contract follow it (and whatever are the conditions they agreed upon in its termination), that's the end of the relationship.
(It is a part of human nature that most people, if given a choice, would prefer a long-term, quasi-feudal relationship than a contractual one. Most would forego the cost of opportunities lost if given stability. Those who prefer it like this are the mass of workers and the majority of the middle class. A few, however, go on to take risks, and succeed and fail as they will; from among them arise the 'lords'. It is a part of human nature to expect 'protection' from those who you formerly considered 'lord'; this is I see when I observe your outrage over the 'exporting' of jobs. You consider it the violation of an obligation; you think some degree of stability and care is part of what is yours by feudal and natural right. But without loyalty, there can be no obligation. And conversely, without obligation, there can be no loyalty. Thus, contract. After this, I leave the conclusion to you.)
Cheetah
Deity
Why didn't you bold the final two paragraphs? If U.S. citisens are not taking care of being competitive, then of course they will lose out. If you want to be paid 20 times more than an Indian, then logically you should at least approach being 20 times more valuable than an Indian. As Indians become well educated and work in offices and factories with advanced machines, that will become very difficult.
You can't stop globalisation. It is an effect of technology, not politics. As long as there is cheap oil and other energy sources, goods will continue to move cheaply between countries and areas. The Internet and other communication technologies do the same with many services.
Though, while the process that is globalisation is inevitable, it will all calm down by the middle of the century, as the costs and standards of living will have evened out by then. I'm sure many will complain about that though, as both poor and middle class people in developed countries have gotten used to ever cheaper clothing, gadgets and other goods. When the pay difference between India and the U.S/Europe approaches zero, people will soon re-discover how expensive things really are.
Of course, the "happy" (we all know that being richer did have its perks) level playing field won't happen anyway. There aren't enough natural resources to support 7-9 billion people with a modern Western lifestyle.
So you will be able to find a job again in the end. But prepare to lower your standard of living in the near to medium future...
Cheetah
Deity
And the lord's are actually much better off from it.
BasketCase
Username sez it all
And if you do that, who's gonna be the one to hire Americans?? You???
I'll say it again and again until your eyeballs bleed. American companies will only hire Americans if it is profitable to do so. They don't give a crap about any of your socialist whining. You know darn well the only thing they care about is money. Give them what they want, or no hiring. End of discussion.
Here's some stuff the U.S. exported in 2009, rounded to the nearest $100m.
Computers & electronics: $160,600,000,000
Electrical appliances and equipment: $31,400,000,000
Machinery: $113,400,000,000
Manufactured metals: $40,700,000,000
Pesticides and fertilizers: $6,900,000,000
Pharmaceuticals: $48,500,000,000
Plastics and rubber: $21,600,000,000
Transport equipment: $165,400,000,000
Computers & electronics: $160,600,000,000
Electrical appliances and equipment: $31,400,000,000
Machinery: $113,400,000,000
Manufactured metals: $40,700,000,000
Pesticides and fertilizers: $6,900,000,000
Pharmaceuticals: $48,500,000,000
Plastics and rubber: $21,600,000,000
Transport equipment: $165,400,000,000
aneeshm
Deity
And the lord's are actually much better off from it.
And the serfs. The material lot of a normal man was horrendous in the feudal ages compared to what we enjoy today.
Traitorfish
The Tighnahulish Kid
Regimes?
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