I bet its only a bad thing if it happens to you, your so full of crap. If you were half as smart as u act or think you are you wouldnt be stuck in whatever it is you do now, so who needs a enocomincs lesson?. you do. The issue isnt wages? How you think anyone is going to compete with 1.00 or 2.00 an hr wages and in alot of cases even less. nevermind, its useless. nobody knows as much as you. Go ahead with your wishes of people losing things, It will come back to bit ya.
But see it did happen to me and I don't want others to suffer like I have. At first I blamed the company for it until I learned how it really works. I took that same position that they only care about profits and screw the people who actually matters but again it took me a while to learn the truth.
I am out of my career and unlike you guys who just put together a car by putting parts together, my job was a lot harder, a lot more demanding and a lot more competitive than you could ever understand or even handle. My industry, Information Technology is global, there is no physical item that needs to be worked on in person, like a press that needs a die setter to adjust it, and my work could be done by some guy names Gupta in India while he is sitting at home watching some Bollywood movie with his wife and kids. I had to set myself apart from the idiots leaving college with degrees in order to survive but alas I worked in the real world.
I am stuck here, doing this work because there are no jobs here simply because it is not a right to work state.
So When I say learn, I mean learn. It is not a bash any thing other than ignorance that prevails in this country by people who set themselves up by believing in a system that truly fails every time there are problems like this. If you want to believe the propaganda, go ahead but the problem is you will continued to be fooled by those who controlled you for years.
The fact is what I said, our economy is connected to the rest of the world, our economy has been dependent on exports and imports for the past 200 years and it will never change.
I told you to go and see for yourself what I am talking about but your refusal and assumptions show me why you actually post what you posted.
So here are a few things.
First we live in a different world than it was 20 years ago. We as a country do not need ten workers to do the job that 5 can do. THAT IS A FACT and it is called increased productivity. Our entire economy has improved to the point that an entire industry like the automotive industry does not need the level of labor that they needed even in the 80's to build a product.
Second the real problem with exports is they make up less than 12% of GDP during good times and this idiotic push that has been happening won't push the economy forward or create enough jobs because of the first reason - our productivity is still increasing and any new production will not revert back to antique ways of making things.
The third thing is that there is what is called opportunity costs involved. In order to have a high wage, we must have a strong dollar but in order for our exports to rise, we must weaken the dollar to make the products attractive to those foreign buyers. The cost is either the wage or the dollar but nothing in between. If the people want inflated wages, which the unionized auto worker actually does get, then they have to give up the security of having a lot of jobs in the market.
The fourth thing is that for the past two centuries, the system of trade has been simple to figure out; when the cost of living goes up, so does the cost of goods and when the cost of goods goes up, exports drop, when exports drop, so does work and wages. When we, the US produced Chevrolet and exported them, the people overseas bought them because they were cheap for them to buy. When the cost of the car went up because the labor costs went up with the increase of the standard of living and more demand of overseas products increased, it eventually became cheaper to buy a Seat (Spanish made car) than the Chevrolet. That in turn slowed exports down and then the people who were producing the Seat made more money increasing their standard of living and then the demand for cheaper products came about so they were buying Chevrolet's again. It is a big circle. What happened was a big wave of prosperity and then recession happened over and over again. Money shifted from there to here back over there. FDR tried to correct some of this, Taft and Wilson tried too but nothing can stop it except a planned economy and we do not want that. By the way that was the reason we went off the gold standard in '33.
So when I said learn, I meant learn. Don't take my word for it, it is simple and clear economics that has been around for 250 years.
