4 ms·

> "nearly all of the value is created domestically and the actual material value is inconsequential." Only because the laborers are being horrendously underpai

• munk-a 7y ago
  In the US that labor is so extremely unvalued that it's almost always automated - other countries have such intensely undervalued labour that it can actually compete with automation. And yea, I think we do have some twisted and perverse version of globalization - rather than bringing the world up we seem to be perpetually exploiting the third world... eventually that might piss of the third world enough that they do something about that but it hasn't happened yet.
  • npo9 7y ago
    This is happening one country at a time. It happened to South Korea and a lesser extent Japan. It’s happening in India and China. We still have centuries of third world countries to exploit until they are fully developed.
  • antepodius 7y ago
    This isn't true. As time goes on, places that were non-developed become more developed. China's already started to outsource its production because people there expect higher wages than they did 10 years ago. It's a gradient from country to country. Overall, for individuals in absolute terms, things are getting better- although for certain subpopulations in relative terms (e.g. blue collar americans) they've gotten worse.