Posted by rrlund on February 11, 2016 at 08:11:25 from (162.250.24.64):
In Reply to: Jobs going to Mexico? posted by Spook on February 11, 2016 at 07:55:44:
Yup,and what ticks me off about it is that the only ones who benefit are stock holders,not consumers. When the refrigerator plant closed and 2700 jobs went south of the border,the price of a new refrigerator didn't come down one thin dime. Refrigerators are what's known as a durable good,meaning they last a long time. How often does the average consumer have to buy one? The total number of jobs that went with those 2700 will probably never be known,but it's estimated to be at least 10,000. If everybody had to pay another $200 for an American made refrigerator every 20 years or so,wouldn't we all still be better off having those people employed,paying taxes,circulationg that money through the economy creating more jobs? Now spread that out over the whole country,across a wide array of durable goods. Wouldn't the whole country be better off? We're past the golden age in this country. Back when union manufacturing jobs were the rule,not the exception.
I know you and I agree on this Spook. We've had this conversation face to face. Let everybody else start the slings and arrows against us now.
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