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> That's completely ignoring the fact that if you have cheaper workers Cheaper labor is good just like cheaper raw material. Trump wants American companies to
by bingomad123 9y ago
> That's completely ignoring the fact that if you have cheaper workers
Cheaper labor is good just like cheaper raw material. Trump wants American companies to buy expensive American steel instead of cheaper Japanese or Chinese steel of same quality. This is a net loss for American economy and a state sponsored coercive benefit for the American Steel industry.
Personally it is both productive and economically beneficial to hire a SAP experience guy from Infosys instead of an American college kid who needs to be trained and who will leave in 1 year any ways. Of course I would hire the college kid for half the wage but then there is this sense of entitlement.
- throwaway2048 9y agocheaper labour is good for those who own capital, not the people providing labour.
- deleted 9y ago[deleted]
- s73ver 9y ago"Cheaper labor is good" Not for the vast majority of Americans who's only source of income is selling their labor (physical, creative, intellectual, etc).
- bingomad123 9y agoLookup https://en.wikipedia.org/wiki/Lump_of_labour_fallacy https://en.wikipedia.org/wiki/Lump_of_labour_fallacy