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View Diary: Report: Post-recession jobs don't pay as well as the ones that were lost (131 comments)

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  •  several problems with that (0+ / 0-)

    First of all, this:

    The savings in production costs do not end up as profits for the corporation; they have resulted in lower prices for consumers.

    simply isn't true-----global corporations are making record profits, in the middle of a global recession, for a reason.

    Second, and more importantly, your plan hurts poor people the most. In the United States, real wages have declined steadily for the past 30 years, the wealth held by the lowest 80% of the population has decreased drastically, and unemployment levels are at their highest in many decades. Under those conditions, consumers are forced to stretch as much value as they can out of every scarce dollar—and asking them to patriotically (and voluntarily) pay higher prices  is unrealistic at best.

    They already have virtually nothing--and you are asking them to live on even less.  

    And of course there is the simple fact that there is no “American” to buy anymore.  It is no longer the 1970’s, when Hondas were all made in Japan and Fords were all made in Detroit. All of the large corporations are now global, and none of them have any loyalty whatsoever to any national government anywhere. General Motors is no more or less “American” than BP or Toyota. Which is the “American” car?—the GM (which is partially foreign-owned) that is made in Canada, or the Toyota (which is partially American-owned) that is made in Tennessee? What happens when you have an electronics device that is made from material mined in South Africa and plastic from Germany, using semiconductors from Ireland that were designed in Costa Rica, whose parts were shipped here on a Swedish ship that's financed by an Icelandic bank, then assembled in Mexico and sold in an electronics chain store in Boston that is owned by the Japanese?

    You are defending a world that simply no longer exists.

    •  Profits are high vs. the 50's in (1+ / 0-)
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      nominal dollars, sure. But what matters is the margin, and margins on consumer products have been declining for decades. Who can deny the benefit to the consumer that has come from globalization? True, we don't have the cash to spend on things because we've lost our jobs, but prices are inarguably lower for those that do have money to buy things.

      I'm in the I-fucking-love-this-guy wing of the Democratic Party!

      by doc2 on Wed Jul 27, 2011 at 06:58:33 PM PDT

      [ Parent ]

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