4 ms·
>The middle class (and lower class) has suffered tremendously from the lower cost of labor abroad and the ability to cheaply import goods and services. The uppe
by belltaco 7y ago
>The middle class (and lower class) has suffered tremendously from the lower cost of labor abroad and the ability to cheaply import goods and services. The upper class has benefited tremendously from the same.
This sounds right but is not very true. Look at the quality of living of lower income people, things like refrigerators, TVs, air conditioning, heaters, smartphones, cars, computers etc, and pretty much everything you can buy at walmart have dropped in price precisely because of the ability to cheaply import goods and services.
Things which cannot be or are not outsourced like college, doctors and hospitals are super expensive and unaffordable, and results not only in things like a saline bag costing hundreds of dollars instead of a couple. And this funnels money to the upper class e.g. doctors and college administrators from the lower classes, and results in inequality. Not to mention raising the income levels of other countries allows a lot of people in the US working for companies with a large overseas revenue component.
- romaaeterna 7y agoDo we actually disagree? The non-outsourcable stuff has inflated in price at the same time that the outsourcable stuff has deflated, and it has destroyed one group of Americans while enriching another, far smaller group.