Posted on 01/12/2010 5:01:31 AM PST by QF129
Decades ago, people had to work hard for making products for living and for fun. Outsourcing and globalization have changed it at all. If 100 million guys in China, India or Vietnam can make goods for the world, what should other guys do?
One way is to limit the globolization process so that more guys are in work because the productivity is reduced; otherwise people may accept this and just do exactly nothing. Before we achieve another techonological breakthrough like nuclear power or the Internet, we must find a way to deal with the high productivity that is making troubles. If people do not need achievement to satisfy themselves, the thing is much easier.
Another concern is that globolization may enlarge the a poverty gap in developed countries because labour forces is worth less and capital is worth more products.
About a dozen good guys from the U.S. could do what those 100 million can do.
Make better, higher-quality stuff that requires more labor.
Jaguars instead of Hyundai.
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