4 ms·
It is actually great that many people will be lifted out of poverty. What is unfortunate is that this can be funded a number of ways: Reduction in corporate pr
by moosey 8y ago
It is actually great that many people will be lifted out of poverty. What is unfortunate is that this can be funded a number of ways: Reduction in corporate profit, reduction in personal profit, a reduction in work hours, etc. So many ways that the benefit of moving this work offshore could benefit the broad economy.
The way that has been selected, at least in the United States, is that we detached wages from productivity. This means that the benefits from offshoring production (which is good, get more people involved in the economy) is enjoyed by those that receive those jobs, and by those who own capital, while the costs are carried by the middle class of the US.
You say it isn't a zero sum game, but then why in the hell is the middle class in the US getting wiped out, while we produce more and more billionaires?