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View Diary: Bonddad v NRO Round II (65 comments)

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  •  asdf (none)
    Your argument assumes there is a limit to the jobs the US will outsource.  I think this is a misstaken assumption.  As employees in other countries develop more and higher sophistication with abilities, the US will outsource more jobs of higher sophistication simply based on wage arbitrage.  This is already happening in such white colar jobs as accounting.

    The purpose of business is to make money not to maximize jobs generated.  I disagree with this statement.  Part of the philisophical underpinning of RW economic thinking is momre income to the upper-income and corporate structures = higher job creation.  The President's latest tax giveaway to corporations allowing them to repatriate overseas money at 5.25% was titled the "jobs creation act."  Not that that has happened with the money...

    Your argument about consumers ability runs completely counter to the current facts on hand.  Lower rates to negative levels after inflation and you guarantee people will borrow and spend money.  

    "You think you can intimidate me? Screw you. Choose your Weapon." Eliot Spitzer

    by bonddad on Sun Dec 18, 2005 at 03:45:16 PM PST

    [ Parent ]

    •  The Overview (none)
      The issue as to how many jobs can/will be outsourced is indeed complex. This is why I literally used the expression "I believe" to prefix my thought.

      The point of my original posting was to put forth the thesis that technology-induded increase is Worker Productivity would lead to a future in which things are much less expensive to produce and folks will have more. Folks who did not do so should read my blog (economy.typepad.com).

      You missed my point about "consumers." People with any amount of sense understand the necessity to save no matter what interest rates are. I was appealing to sense of greater personal financial responsibility.

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