On Tue, Mar 02, 2004 at 03:59:14PM -0500, Bryon Daly wrote: > Are the jobs lost overseas being replaced at all by alternate, > equivalent-quality jobs? If not, who'd going to be able to buy all > those cheap DVD players and TV's?
Historically, they are replaced by BETTER jobs. I don't see any evidence to see that this won't happen again in this cycle as it has in all the previous cycles. > Compete how? By finding an area with a comparative advantage. > US workers are up against workers that make a quarter or fifth (or > less!) the hourly rate US workers do. Maybe you'd consider that fat > and lazy, but those same wages here would leave someone squarely at > the poverty level. Not true. It is not necessary to have an absolute advantage, only a comparative advantage, to benefit from free trade. -- Erik Reuter http://www.erikreuter.net/ _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
