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RE: And the blame for losing good jobs goes to.........................

in #jobs8 years ago

I don't think it's so much "do people want these jobs?" as "can we afford to pay our minimum wage and more to people doing these jobs?" I'm not from the US, I'm a Brit, but similar factors apply to our economies. Amongst these are a suicidal failure to protect our home industries from all sorts of nefarious, home-grown behaviours such as carpet-bagging and asset stripping in the 80s. Mainland EU has done a much better job of protecting its own workers' jobs while still benefiting from cheap Chinese products. How? By developing investment models for small businesses and start-ups that work, and don't demand unrealistic returns in short time scales, and by focusing on high-quality product, allowing the Chinese to develop their quality over time. By which I mean, allowing the Chinese to produce high-volume, low margin products. The profits from which they then use to purchase, for example, Mercedes cars... In time this will even out, and there will be a return of those jobs that have not been forever replaced by machines, as the cost of transportation together with rising wages in the low-wage economies of not just China, but the rest of the developing world economies, approach our wages. Which will, in the meantime, stagnate. As they have been doing for most of the past 40 years. It could also be that neo-liberal policies are actually misguided and counter-productive, but that's a discussion for another day! :)