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> Worse, the gains-from-trade that economists say ought to occur are allocated entirely to the owners of firms and equities, rather than being redistributed to
by PhaseLockk 10y ago
> Worse, the gains-from-trade that economists say ought to occur are allocated entirely to the owners of firms and equities, rather than being redistributed to the former workers to help smooth out economic transitions.
I think that this statement ignores the savings that consumers get as a result of this process.The use of international labor has absolutely reduced the prices of goods in the US.
I agree with most of the rest of what you said.
- gech 10y agoCan you site the savings consumers have gotten, or guarantee them in the future to the dollar? And will you agree to penalties if the savings aren't seen?