So trooo. People of other colors don’t care if their jobs go overseas.

You are totally right. Just like whites didn’t care if their jobs went to other races.

http://en.wikipedia.org/wiki/Asiatic_Exclusion_League http://www.youtube.com/watch?v=KIyewCdXMzk

Works as long as enough people have the dirt to buy the stuff with. Once they aren’t even earning dirt, well…there must be one among this erudite crowd who knows famous economist gave a name to it.

So trooo. People of other colors don’t care if their jobs go overseas.

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blockquote>33 ·

The $1K I earned in pre-outsourcing and pre-globalization era was NOT ENOUGH (or barely enough) for me to buy a computer for my kids education or warm winter clothing for them to be able to live and get educated comfortably. BECAUSE, in those days computers and warm clothing were not affordable by the lower and middle classes. There were no WalMarts around to make it possible for me to provide for all these necessary luxuries of life for my family. Today I still earn the measly $1K (according to your logic). BUT, today I go to walmart and buy a $199 computer (made in china), $11 fleece jacket (made in china) and I can today also host my blog for free (thanks to super cheap hosting services) and whine as much as I want about the horrors of outsourcing and globalization. After all this I come home with still plenty of disposable income in my pocket. Sometimes I buy GOOG and YHOO and MSFT stocks with this leftover income, or I may save it to move into a bigger house. Credit has been really easy to get and mortgages were quite affordable. Would you rather that I earn $2.5K today BUT computers prices remain at $2K+ and warm fleece jackets remain a $100+ item (available only at Nordstrom) and home mortgage only available to those who have spotless credit and overflowing savings accounts ?

Cute.

Here are some other takes on how much money different groups of people were taking home changed relative to prices in the U.S. (1,2,3,4). Like I said, I don’t know the answer – it’s an argument. The sources I provided mostly make the argument that real wages have fallen over the last 40 years for most Americans. They might be wrong. But hypothetical anecdotes don’t really help all that much.

As for making credit widely available in large amounts with no cosigner (like the government) without adequate increases in income to pay back the money + usurious interest – well, that seems a little dumb right now, doesn’t it? Certainly it’s how I got broke…

To echo what many have already said, how is it at all inappropriate for an American presidential candidate to oppose American jobs being shipped overseas?

To echo what many have already said, how is it at all inappropriate for a white American presidential candidate to oppose white American jobs being given to blacks?

Vijay, please watch http://www.youtube.com/watch?v=6hd8eUzwmqY

If this argument held – and it is a real argument, then real wages wouldn’t have stagnated or dropped for the working class and the middle class. So you would have to look at that question – whether prices for consumer goods in the U.S. compesnated for stagnating or declining wages. I would guess no – that it simply prolonged the sustainability of the startegy.

huh ?

The $1K I earned in pre-outsourcing and pre-globalization era was NOT ENOUGH (or barely enough) for me to buy a computer for my kids education or warm winter clothing for them to be able to live and get educated comfortably. BECAUSE, in those days computers and warm clothing were not affordable by the lower and middle classes. There were no WalMarts around to make it possible for me to provide for all these necessary luxuries of life for my family.

Today I still earn the measly $1K (according to your logic). BUT, today I go to walmart and buy a $199 computer (made in china), $11 fleece jacket (made in china) and I can today also host my blog for free (thanks to super cheap hosting services) and whine as much as I want about the horrors of outsourcing and globalization. After all this I come home with still plenty of disposable income in my pocket. Sometimes I buy GOOG and YHOO and MSFT stocks with this leftover income, or I may save it to move into a bigger house. Credit has been really easy to get and mortgages were quite affordable.

Would you rather that I earn $2.5K today BUT computers prices remain at $2K+ and warm fleece jackets remain a $100+ item (available only at Nordstrom) and home mortgage only available to those who have spotless credit and overflowing savings accounts ?

Hi Salil (#19), Are you suggesting that Hitler did not organize a community of Nazis?

I think he was suggesting that you’re an idiot.

25. jyotsana said

It is a fact that outsourcing benefits executives, workers get nothing out of it.

Aren’t cheap shoes and dirt-cheap computers a direct result of outsourcing ? Virtually everything walmart sells, at the prices they sell it, is direct result of outsourcing, No ?

If this argument held – and it is a real argument, then real wages wouldn’t have stagnated or dropped for the working class and the middle class. So you would have to look at that question – whether prices for consumer goods in the U.S. compesnated for stagnating or declining wages. I would guess no – that it simply prolonged the sustainability of the startegy.

On the other hand, you can look at it from the perspective of who gets most of the gains and who gets the least and who gets losses- and on that, there’s really no contest. The rich have by far outpaced the poor and middle class in the U.S., let alone globally. The neoliberal regime, where it’s actually been adopted in practice rather than simply as lip service, has also contributed to poor industrial policies in developing countries – like INdia not fighting the TRIPPS agreement and consequently destroying its own burgeoning pharmaceutcial research and development. So if you think that industrialization has benefits, then this model of growth – even if it generates income – is poor for poor countries.