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Buyout Q&A, Jan.22nd Update
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<blockquote data-quote="59 Dano" data-source="post: 1088874" data-attributes="member: 23516"><p>I have a trade deficit with the grocery store. I buy lots of stuff from it, but it buys nothing from me. Nothing. Using this goofy anti-trade deficit theory, I would be better off if the store's offerings were cut to nearly nothing. Deficit reduced!!!</p><p></p><p></p><p></p><p>Replace "cheap Chinese labor" with "cheap automated labor" and you still have the same thing, fewer Americans producing the goods and automation has arguably cost us as many jobs over the years as them dadgum ferriners. I don't see anyone (with a brain) railing against advances in technology, though.</p><p></p><p>The bulk of the jobs we've lost to foreign countries were low skilled factory jobs. We're not pushing technology on our kids in schools to prepare them for the hopeful (?) return of the jeans factory so that they can sew the zippers in for minimum wage plus 50 cents.</p></blockquote><p></p>
[QUOTE="59 Dano, post: 1088874, member: 23516"] I have a trade deficit with the grocery store. I buy lots of stuff from it, but it buys nothing from me. Nothing. Using this goofy anti-trade deficit theory, I would be better off if the store's offerings were cut to nearly nothing. Deficit reduced!!! Replace "cheap Chinese labor" with "cheap automated labor" and you still have the same thing, fewer Americans producing the goods and automation has arguably cost us as many jobs over the years as them dadgum ferriners. I don't see anyone (with a brain) railing against advances in technology, though. The bulk of the jobs we've lost to foreign countries were low skilled factory jobs. We're not pushing technology on our kids in schools to prepare them for the hopeful (?) return of the jeans factory so that they can sew the zippers in for minimum wage plus 50 cents. [/QUOTE]
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