Friday, November 4, 2016

Bringing Jobs Back to America (Like, I am Sooo Totally Sure)

DONALD J. TRUMP, in the quite unlikely event he is elected president, fully intends to bring back every job that has left the United States. Precisely how he intends to do this is anyone's guess, since there exists not a single mechanism, economic or legal, which provides this option. Trump plans to... what, stalk into corporate board rooms all across the fruited plain threatening corporations with, what? It is amazing how many people seem to buy into this nonsense. As if we are engaging in delusional wishful thinking. Any high school student of economics understands that there are no jobs on foreign soil which are at all likely to return to America. That's the dirty little secret that seemingly eludes Trump and his followers. Free trade is not a bad idea. It can only enhance prosperity, if only primarily for the already wealthy.The trick is to structure and regulate it so that the world's blue collar workers share in the prosperity, and are not exploited. Another dirty little secret is that, up until now, free trade has not and does not play a significant role in the economy of the United states, as a percentage of gross domestic product. That may change. Yet another dirty little secret is that not only are workers in places like India and China cheaper than in america and Europe, they are considerably more productive. When an American or European corporation outsources a job to an emerging but as yet undeveloped economy, what is in the U.S. or Europe a low status low wage job becomes a high status high wage job, far less expensive to the employer in terms of wages but also far more profitable in terms of productive output. Any corporate CEO willing to tell the truth will tell you that workers in India and China are at least two or three times as productive as workers in America, and even more productive than European workers, who do better than Americans. They are more highly motivated. We don't want the old jobs back. we want to create new and better ones, in an expanding capitalistic economy, tempered and wisely regulated by socialistic intervention. Yes, its true. Both modes of production work, both have value, if properly implemented. The sooner we Americans open ourselves to these international realities, the better. That may take some time. We Americans are a short sighted provincial lot, and We spend a great deal of time on our cell phones, in front of screens, distracted, playing video games, of which the most creative, entertaining ones come from....Japan.

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