EverCurious
Gold Member
Fortunately for us, they used another customer of ours instead, so we didn't lose any work, but all the employees at the plastic place no longer work there. Our other customer invested in automation, and I don't have to tell you how many jobs were lost because of that investment.
You completely ignored that the $30 the customers saved in your example was greater wealth for Wal-Mart's customers. Wherever that money went created jobs.
1) WalMart resells items. They don't create any value. So when they saved $30, they still got exactly the same things. They were wealthier.
2) The work as you pointed out went somewhere else, it didn't go away
3) The automation was going to happen anyway
4) Yes, the company that went under lost. But consumers a whole benefited and the economy overall benefited. Change is constant in capitalism. You win by embracing it, not fighting it. That's what we did as a country that made us the greatest economic power on the planet. Now we've succumbed to fear and fight change and have doomed ourselves to Europe's fate of stagnant growth
Correct, and it's going to keep going down this path until there are so few blue collar jobs left that they all pay minimum wage.
Producers can't make products that people won't buy, so it's entirely in the hands of the American consumer. If all we are going to buy is cheap products, then the only way American companies can compete with overseas companies is to pay labor as little as they can or invest in automation wiping out those blue collar jobs.
The way things are going, I'm glad I'll be off this planet in 40 years or less. I would hate to be a young person today with no ability to get a skill and purely dependent on blue collar work.
This argument right here is part of why Trump's pushing tariffs. He believes that it'll entice folks to buy from American companies if the foreign companies are made to charge more. It's like... the "buy American" (or "buy <state>") campaigns on steroids.
I'm kinda whatever on it all personally. I'm more a "national" free trade person than just free trade. I think we have every right to fight for American businesses to make as much profit from foreign sales as the foreign businesses make off american sales. Especially if the goal is to bring businesses back to America. If Trump hits the margins right businesses will have to choose between national economies as to where they base; and America will win that battle - which means more business tax dollars to our gov and more jobs for our peeps. Yes, there'll be a slight adjustment on prices, but I don't think that increase outweighs the, albeit hopeful, benefits to America when all is said and done.
I agree but I don't know if forcing the American people to buy American products is all that American. I would like to see a change in the American consumer; something along the lines of education on how other countries maintain their labor force by buying their own products.
In some ways we are the most generous country in the world, in other ways we are the most selfish. It's like we are mesmerized by getting goods at the lowest price no matter who suffers for it. I would like to see all products sold in this country have a huge stamp on the package saying where it was made. Nobody even looks at that when they go shopping. All they look at is the price.
I disagree slightly that American's are smart enough to be given such wide berth of choice 100% of the time. While I do think that American's benefit from "the lowest price possible" (just look what it's done for quality of life, right?) BUT there is a point at which it becomes /detrimental/ to the nation - and I think we're /long/ past that point with our jobs fleeing the country in order to take advantage of lower wage costs in other nations. IF Trump can hit the margins right, we'll still have the competition to lower prices on new shit, without losing the jobs and American money that should be in /our/ economy, rather than strengthening the economies of China, Canada, Mexico, Japan, etc etc etc. I mean shit, how much of the damned planet do we have to carry? Enough already. It's time for American's to benefit on both ends, rather than just getting shafted on the jobs AND not being able to afford the lower priced goods for it.