If you are a native speaker of American English and you can't compete in the U.S. with someone who is not, do you deserve the job they are taking. Well maybe, if the foreign workers role is to hold down wages rather than raise competence. There is a simple way to find out. Raise the Federal Minimum wage to $18.00 per hour and then we will see who gets hired!
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Protectionism ??
- Thread starter Humpy
- Start date
You seem to be attempting to correlate globalization to decline in the wealth of the U.S. middle class. But this correlation is mainly a U.S. effect. Other countries that are also increasingly globalized have seen the wealth and size of their middle class grow tremendously or change little. It seems that while globalization and the decline of the U.S. middle class is correlated, these factors are not related as cause and effect. As a matter of fact, it would be easier to argue that globalization has made the decline of the U.S. middle class less severe than it otherwise would have been.
Not sure where you are getting this idea. One of the main factors of globalization is the exporting of labor and hence lower US Wages. The US has become a purely capitalized society where wealth is predominately accumulated through assets, not labor. This is not true of most other G10 nations. The fact of the matter is, outsourcing labor is great for asset holders. Hence why our stock markets keep making record highs and corp earnings are increasing 10% to 15% year over year while wages are mostly flat. Here is a simple fact, if you don't own assets in the US you are fucked. Pardon my French. This is not true in Europe, Japan, Canada, Australia, etc.
@Maverick74 I don't know Mav, up in Canada if you don't own a house you've missed out big.
Furthermore, the US is not even remotely close to being a protectionist country. Where does this shit get started? On MSNBC chat boards? We manufacture almost everything in this country oversees. Seriously, what do we make in this country outside of fast food? I'm all ears. People throw these words around as a way to sound like they are politically astute hoping someone who knows better doesn't walk into the room. This country is ruled by the shareholder class, don't ever forget that. If it's not good for corporate earnings, it ain't going to happen.
@Maverick74 I don't know Mav, up in Canada if you don't own a house you've missed out big.
The fact that the Chinese are driving up home prices in Vancouver is not hurting most Canadians. When you look at real wages in Canada compared to the US its a joke. Also, when you look at transfer payments it's not even remotely close. I'm not advocating for socialism, but if "missed" the boom in Vancouver RE, you are not struggling to pay for your health care.
That may be the better explanation, now it's just a matter of which comes first, the chicken or the egg.The US has become a purely capitalized society where wealth is predominately accumulated through assets, not labor. This is not true of most other G10 nations.
Facts are so annoying. They are constantly fucking with us. Lets do the experiment then.. Lets put tariffs on everything coming in and shut down this damn globalization, stop exporting, no one will buy anything from us anyway, then measure how rapidly the robots get fired and labor's wages go up.Not sure where you are getting this idea. One of the main factors of globalization is the exporting of labor and hence lower US Wages. The US has become a purely capitalized society where wealth is predominately accumulated through assets, not labor. This is not true of most other G10 nations. The fact of the matter is, outsourcing labor is great for asset holders. Hence why our stock markets keep making record highs and corp earnings are increasing 10% to 15% year over year while wages are mostly flat. Here is a simple fact, if you don't own assets in the US you are fucked. Pardon my French. This is not true in Europe, Japan, Canada, Australia, etc.
Facts are so annoying. They are constantly fucking with us. Lets do the experiment then.. Lets put tariffs on everything coming in and shut down this damn globalization, stop exporting, no one will buy anything from us anyway, then measure how rapidly the robots get fired and labor's wages go up.
Huh? Who is saying that? You are confused. I'm simply saying globalization IS the reason for the deterioration of the middle class. You can't retroactively go back and take away the trillions that have already been accumulated. Once I fuck your wife and get her pregnant, I can't retroactively offer her birth control now can I? The solution is not to go backwards because the wealth is already there. The rich can now live on into perpetuity handing down their riches to their wonderful children. They already have the assets. Unless you are suggesting we confiscate them? I mean, many on the left do actually support that you know. You seem to be having trouble understanding that once something has been done, it can't be undone voluntarily. Unless you want to start.
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I'm simply saying it's not.I'm simply saying globalization IS the reason for the deterioration of the middle class.
I'm simply saying it's not.
Love the supporting evidence. You sold me.