4 ms·
> Great, but if it doesn't translate into quality of life metrics for a large portion of the population, you're still not there. Tech companies aren't a great
by MrBuddyCasino 6y ago
> Great, but if it doesn't translate into quality of life metrics for a large portion of the population, you're still not there.
Tech companies aren't a great example for this kind of argument. Employee compensation among FAANG is basically unheard of everywhere else except maybe finance. That a lot of the money goes to landlords is, incidentally, a problem of regulation.
If you're looking at manufacturing and the Rust Belt issues, you are correct. You cannot establish free trade, make blue-collar workers compete with China and expect this to have no effect on their quality of life while the profits of lowered costs go to capitalists alone. I believe this to be a major reason why trump got elected.