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post #41 of 46
Quote:
Originally Posted by Mootsfox View Post
I'd fight with you, but a) this isn't the place, and b) I sold my Macroeconomics book last Thursday.
Just out of curiosity, what would you be fighting about?

Btw, your Macroeconomics book is already outdated. Not in its theories, but in actual economic figures.
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post #42 of 46
wait wasnt this a news post?
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post #43 of 46
I don't get why people get so bent out of shape over a simple economics discussion. People who completely flip out over a mere comment, it seems, and think they know everything by taking a simple economics class or two. Even the most experienced economists really have no clue about the functioning of the world economic system. If they did, they would be able to predict and rectify economic problems. So don't go around thinking you know everything about the economy. Because you don't! I don't, you don't - so lose the know-it-all attitude.

The fact is that outsourcing manufacturing and jobs is a double-edged sword. On one hand, businesses are able to save money and have higher profits. On the other hand, you reduce the number of domestic jobs available and drive up trade deficit, among other things. I am not anti-globalization, but there is a problem when such a huge imbalance in trade occurs. Importing and outsourcing are good to some degree, but when you pass that point of diminishing returns, it really isn't that much of a good thing any more. A purely consumer economy cannot exist, it must ultimately provide a sufficient number of products and services; otherwise it would collapse. Perhaps some of you need to stop looking at the good side of outsourcing jobs and manufacturing and realize there is a bad side to it as well.
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post #44 of 46
I dont thihk outsourcing is even a double edged sword. I see it as us taking the sharp end if a katana and squeezing as hard as we can. It has not lowered the price of anything other than our wages.
The relationship between falling wages and outsourcing is perfectly linear. Absolutely perfect.

I do believe in globalization, but i think USA should manufacture a bit more to at least keep hi paying jobs here,... u know so China and India don't become the next superpowers... since they are quickly becoming that.

Guys its so simple... China and India are not outsourcing and their economies grow in double percent digits every year. We are lucky to see 2% growth from year to year... We can not sustain this level of wealth for more than 40 yrs without producing assets.
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post #45 of 46
Quote:
Originally Posted by TheLegend View Post
Just out of curiosity, what would you be fighting about?

Btw, your Macroeconomics book is already outdated. Not in its theories, but in actual economic figures.
Well yeah, it was published in 2005.

Quote:
Originally Posted by HrnyGoat View Post
I don't get why people get so bent out of shape over a simple economics discussion. People who completely flip out over a mere comment, it seems, and think they know everything by taking a simple economics class or two. Even the most experienced economists really have no clue about the functioning of the world economic system. If they did, they would be able to predict and rectify economic problems. So don't go around thinking you know everything about the economy. Because you don't! I don't, you don't - so lose the know-it-all attitude.
I hope that isn't directed at me. I just don't want to debate about economics in this thread, it's gone off topic enough.
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post #46 of 46
Quote:
Originally Posted by Mootsfox View Post
I hope that isn't directed at me. I just don't want to debate about economics in this thread, it's gone off topic enough.
Well, if you don't want to debate then don't. It's just that some people come off way too harsh (I even get called ignorant by one member, simply for making a post that was too vague).
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