/biz/ - Business & Finance

>>20450285

How do you just not get what I'm saying? The data objectively shows that wages have flatlined and wage disparities have grown significantly in the wake of mass immigration and outsourcing, ok, so the evidence is on my side. Now let's talk economic math like you apparently want to:

> Anybody who complains about outsourcing of unskilled labor is in absolute brainlet in my book since Europe did that with colonialism (mercantilism) and look how much richer the medieval Europe shithole turned out compared to the rest of the world.

That was resource extraction, not the outsourcing of labor. Jesus. The US, and Europe, were very protectionistic during their economic boom in the 19th and early 20th century. At least much more than now. There were no massive multilateral trade agreements, or trade organizations like the WTO letting China go gangbusters on our domestic workforce. See: tariffs

How about we throw out your dumb, overly simplistic, and convoluted apple farm analogy, and actually look at what's happening. Manufacturing was once a major employer of Americans, especially lower/middle class earning Americans. They were protected by the regulations of their country that had long asserted that native citizen-workers had rights above those of other countries. In 2000 China entered the WTO without restrictions and absolutely gutted the US of that manufacturing work. See pic, and >>20449411 . Wages were hurt, masses unemployed (or underemployed), the top 0.1% continued to accrue wealth in pocketing the difference in profits. And the payoff was... slightly cheaper TV's and t-shirts? Are you kidding me? Not only that, but now our manufacturing base is vulnerable to a geopolitical rival. Remember the mask shortages we had at the start of the pandemic due to ruptured logistics? Imagine a fucking war. Without a manufacturing base. With a nation full of nurses and uber drivers.

>>19911583

>I'm going to immediately stick my head in the sand and ignore the gross accumulation of wealth amongst rich international business elites while my country gets sold out and my middle class exterminated because CNN wouldn't like if I questioned the narrative

Retards, everyone

>>19661931

Nixon opened the door in the 70's, but it wasn't until 2001 that we got into bed with them permanently with the WTO

>>18376384

Yeah anon our manufacturing simply stopped growing. We certainly didn't bleed those jobs off en masse to... places... or lose them.. or anything like that. It was some big invention in 2000 that automated everything away in one massive chunk, not the entrance of China into the WTO. The appearance of "Made in China" everywhere in the 2000's? Happenstance... just happenstance.

>>18252021

I'm from the literal ground zero of the manufacturing jobs exodus to China so I lived this firsthand, and that's why I'm militantly against globalists and their lies. They are liars. Those jobs are in China. The country that we now depend on for MASKS.

>>16651675

Right anon, it was totally """"""""""""""""automation"""""""""""""""""", and not a deliberate, massive cash grab and golf rush by American businessmen

https://en.wikipedia.org/wiki/China_and_the_World_Trade_Organization

>>15661431

You couldn't have it any more backwards. The boomers gave us globalization and China. China entered the WTO without restrictions in 2001. Guess what happened?

Trump says a lot of dumb things, but he was the first guy in the room to stand up and say "why the fuck are we letting this country catch up to us in economy unchecked, drain us of jobs, steal our tech, and even block our companies from operating in their country while they enjoy all the benefits of our customer relationship"?

And now everyone's getting on board with that direction. He's very thick skinned and that lets him think for himself, for the most part, and for better or worse. In a lot of ways it's for the beter as we've had a long line of neocon/neolib presidents who toed the globalization status quo and saw us slowly lose ground to China and others.

>>12993278

Oh, my sweet child. You bought the lie.

https://en.wikipedia.org/wiki/China_and_the_World_Trade_Organization

>y-yeah those jobs are completely gone now, it was all the computers!!1