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Subj: Re: Thought experiment...
Posted: Sun Oct 19, 2008 at 12:37:55 pm CDT (Viewed 598 times)
Reply Subj: Thought experiment...
Posted: Sun Oct 19, 2008 at 07:13:44 am CDT (Viewed 552 times)
Well, they could technically ask for lower wages (or not ask for higher wages), without the help from businesses or the government. That would increase their value, but not your requirement of increased productivity.
What you are talking about is separating children based on intelligence, and separating them so that they can specialize. Lots of countries already do something like this. Not all children have access to the same level of education.
I disagree with your thought that manufacturing will always come down to whichever worker can work for the cheapest wage. It will always come down to which country can produce a product the most efficiently. And I'll list some ways that the American worker can increase their efficiency.
1) Increase Education. More people need to go to, and finish college. The government can do this through various ways, such as the state providing tuition (like Georgia does), provide tax breaks for tutition, or help in other ways. This will simply allow for more innovation, one of the few things Americans do better than anyone else.
2) Specialize Education. I think that every member of society should have a basic level of education. But there should also be specialization in for certain students. In certain schools, students are allowed to joint enroll, having high school classes count as college classes, and vice versa. Do the same thing, but for students looking to get into technical and vocational fields. This will help to lessen the burden on manufacturing jobs alone, since those students will have something else to fall back on.
3) Reinvestment in American business. Update the factories, technology, and processes at American factories. As I mentioned earlier, the US steel industry is badly outdated. So are oil refineries. Everyone knows they need to be updated, but no one actually wants to spend the billions to do this. Things will have to change to encourage this, like reducing the corporate tax rates and personal income taxes, and even reducing capital gains taxes. Vote McCain!
4) Reduce wages. Get rid of, or drastically lower the minimum wage. Get rid of the vast power of labor unions. In the same way, get rid of the alot of the dumb rules that labor unions make companies use. Non safety rules of course.
I could probably keep going.
The problem is, as EcMan noted, service jobs are also being shipped overseas. We all have experiences with foreign customer service employees, but other jobs are getting shipped as well.
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