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Old September 17, 2011, 09:46 AM
Equinox Equinox is offline
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Quote:
Originally Posted by iDumb
Blah blah blah. Nothing is gonna happen to US. When was the last time an original idea came from china or India? Yeah thought so. us should just stop letting china make all our products and stop India from getting many of the new jobs created by the information revolution. And see how they cope. I dnt understand how American has 10 pct unemployment when millions of overseas workers are living off American company paychecks? This doesn't make sense to me.

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Because the millions are prepared to do the work for a 1/4 of the wages.

Quote:
Yeah thought so. us should just stop letting china make all our products and stop India from getting many of the new jobs created by the information revolution.
So you want US, one of the pioneers of free trade, to now put sanctions on it? How many companies will be able to survive when the cost of their goods and services double/triple and in many cases increase even more than that. How many American consumers will be able to afford these goods at the new prices? What do you do about retaliatory measures placed by India and China on American exports? At the end of the day does this decrease or increase unemployment? It's not that easy.
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