a reply to: vjr1113
It's all about profit for the largest shareholders. They want to lower expenses and maximize profit.
There's a negative feedback loop going on. The more companies outsource, the poorer the average American becomes. When the people are poor, they tend
to not buy as much stuff. In order to stimulate sales, they lower the prices of their goods by shipping even MORE manufacturing overseas.
Companies almost HAVE to use cheap overseas labor in order to make their products affordable to the average US consumer.
If everything was made in the USA, the workers would want fair wages and that means higher overall cost of production. Higher production costs cut
into the profit margin and % of profit made on sales.
The wealthy wouldn't get as wealthy as fast, and not nearly by the same margin.
What we're seeing is the base of the pyramid being stolen to be melted down to guild the capstone at the very tippy top. Eventually to much of the
base is going to be missing for the pyramid to remain standing. The people at the top can only squeeze the foundation of the world economy so much
before no one can afford to buy anything and their companies begin to stop selling products.
That is, unless only the 1% become the people purchasing anything, and the 99% of us work for pennies a day across the entire world. Then we'd see a
world like Elysium in which a handful of people are supported by billions of people living in abject 4th world style poverty.
I think what we are seeing is a leveling of standards of living right now. Americans standard of living is decreasing and people in other countries
who were worse off than us are having their standards rise. There's sort of a world-wide equalization going on. This, I think, is in part due to the
globalization of the world markets.
I think if its done right it'll be painful for a generation or two, but eventually as more automation and technology is developed, prices will drop
and profit margins will remain high -- yet more people than ever will have access to cheap amenities that provide a basic standard of life the world
over. The key -- is in keeping OPPORTUNITIES for ambitious people available.
If all the world's wealth becomes to concentrated and these people hole themselves up in their Dubai pleasure-domes, we all might find us out on the
streets to fend for ourselves.
I honestly think that is what Dubai is...a strategically located "bug out zone" for the world elites. It would be pretty hard for hordes of homeless
people to attack a place that sits on the coast of a desert.
Perhaps they realize the world economies may collapse...and that's what Dubai is being built for. To us, Dubai seems like opulent hotels ... but maybe
those high rises and hotels are just "wealthy survival shelters"? ?
edit on 8-1-2016 by MystikMushroom because: (no reason given)