Is Free Trade a good thing
I say it isn't. I know some will disagree, but I think it is increasing the wealth gap and is definitly diminishing good paying blue collar jobs in first world countries. one can point out it provides cheaper products, and i agree it does, but at the cost of good paying jobs. In the end it only serves to drive wealth further upward. Ross Perot was right on this issue.
Opinions?
I'm more for mercantilism.
en.wikipedia.org/wiki/Free_trade#History_of_free_trade
It creates better jobs for the upper middle class. Face it. In the end, you're going to have to communicate or do something. If everyone is a performer for a living, perhaps free trade would be better.. In the end, you have jobs for engineers mainly it seems. Then there's the physical labor jobs that don't pay much and take no skill.
Originally posted by Christina Ann
I'm more for mercantilism.en.wikipedia.org/wiki/Free_trade#History_of_free_trade
It creates better jobs for the upper middle class. Face it. In the end, you're going to have to communicate or do something. If everyone is a performer for a living, perhaps free trade would be better.. In the end, you have jobs for engineers mainly it seems. Then there's the physical labor jobs that don't pay much and take no skill.
This is of course in a hypothetical situation in which every country in the world would adopt mercantilism.
It's all about making money if people are willing to work for cheaper labor in those countries than I don't see how you are going to blame free trade for it.
People in those countries that work for low playing corporation didn't have many other options before and it's not like they are forced into working there. Exploitation happens everywhere.
People in those countries see working for the cheap labor is better than nothing.
Like I said it's not that free trade doesn't have issues but the benefits are greater if the countries have an advantage in producing certain goods or services.
Your blaming free trade for issues which can be resolved by other means like government regulations etc.
Originally posted by kgkg
It's all about making money if people are willing to work for cheaper labor in those countries than I don't see how you are going to blame free trade for it.People in those countries that work for low playing corporation didn't have many other options before and it's not like they are forced into working there. Exploitation happens everywhere.
People in those countries see working for the cheap labor is better than nothing.
Like I said it's not that free trade doesn't have issues but the benefits are greater if the countries have an advantage in producing certain goods or services.
Your blaming free trade for issues which can be resolved by other means like government regulations etc.
I think that US corporations should be forced to pay their employees federal minimum wage, even if located outside the country.
Originally posted by King KandyIf it affects the trade itself like tariff etc so if it affects trade market. You can still have internal regulation to help condition of workers. Regulation was a not the correct word I meant more like better laws etc
Government regulation = the opposite of free trade.
Originally posted by King Kandy I think that US corporations should be forced to pay their employees federal minimum wage, even if located outside the country.Than what's the point of outsourcing if they can't profit from it? Demand for work is to high in developing counties to make this feasible.
A job is better than nothing.
Originally posted by kgkg
Than what's the point of outsourcing if they can't profit from it? Demand for work is to high in developing counties to make this feasible.A job is better than nothing.