Message 2736 of 3489

Who benefits from "free trade" and who benfits

from the lack of enforcement of existing immigration laws?

Well.........it ain't you!

“Not only did low priced imports displace production and hence workers in developed countries but the competitive affect of displaced workers seeking new jobs suppressed the wages of workers not directly in the line of fire of low priced imports”

“Because of the indirect effects of competitive imports and immigration, the addition of new low priced workers affects the whole structure of labor costs in developed countries. The greater the rate of worker additions to the competitive market, the greater the downward pressure on developed countries wage costs and prices”

Allen Greenspan
The age of Turbulence
Page 383

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Replies 1 - 10 of 15
You know, Cessna, any fool would understand that your post is true, yet people still argue for free trade and for allowing unleashed immigration. The only people profiting, once again, are guess who? I don't even need to say it again. Yes, change happens and people have to learn to live with it, but when a system change only profits a select few, people have to get together so that that system stops. "Throw your bodies on the machine so that it comes to a grinding halt." Mario Savio c 1964?
photo of crestofwaves

11 months ago
Liberals benefit from the percieved votes. Greedy people benefit from cheap unskilled labor.

AMERICA LOSES.

11 months ago
In the end, it's always the marketplace that wins.

FW
photo of FlyWacko

11 months ago
It's only when there is an imbalance in free trade (which we are experiencing now) that the American people lose. The lack of enforcement of existing immigration laws has been going on for years, and years. As far as "it ain't you" goes, well, some one sure is, and I bet party affiliation doesn't have a whole lot to do with it.
photo of aries75248

11 months ago
Americans really lost the economic, cultural,and political war on the first day I called my drugstore and the automaton said press one for English.

photo of ms0035

11 months ago
cessna you and I come from very different places but this one is right on. on the trade issue we need to replace "free" with fair. there's nothing wrong with making sure you get a better deal. We all do lit every time we buy a car. not too much to ask that our officals do it when they make trade deals.
photo of Dragon70816

11 months ago
I think wages need to be raised and if somebody makes less money their wage needs to be bumped up, not others cut down. Too many people are making too low of wages, the price of food and milk is the same for all of us people even those in poor countries, they deserve to be paid with a respectable wage also. All people need to be treated fairly, with decent wages not just us Americans, that is a plyte. I make low wages less than $10.00 pr hour and it sux, even though people in other 3rd world countries are making less, that is not right for any people to be treated with such indignaty. No one wants to live that way. We need to share the wealth, those of us who can. Then we will all live in a happier world even rich people will be happier, because there wont be as much crime for them to worry about.
photo of daisycat5

10 months ago
Good Post!!!

I’m not a big fan of the Federal Reserve System and what it has been transformed into from 1913 to 1963 verse what it started out as. However, Allen Greenspan and Ben Bernanke are right. We need to start by making drastic cuts to government spending and we need to start paying off the national dept.

I bet most people are not aware that the national dept has only been paid off one time in the history of the U.S. Even more interesting it was done by the same president who smashed the last Federal Reserve Bank in 1832, Andrew Jackson.

I sure hope people keep bringing up the issue of “free trade” economics and our monetary system. What we have now is more than just a little broken. We are also not on a healthy path to recovery. People need to prepare themselves for the very real possibility of facing a total collapse of the entire system and becoming stuck with serious hyperinflation like that of Germany from 1917 to 1923. The only problem is the fix that curbed Germany’s hyperinflation in 1923 is not there for us today… So it could get very ugly.

photo of SIrJoseph

10 months ago
It is a simple issue. Over all, free trade benefits the greater number of people. But most trade is not really free. Our industrial base conforms to safety laws, labor laws, pollution laws etc. That same industry cannot compete with manufacturers that do not. The answer is simple, either do away with those laws at our end, or put tarriffs/bans on goods manufactured by countries that do not meet the standards that U.S. manufacturers must meet.


10 months ago
"I think wages need to be raised and if somebody makes less money their wage needs to be bumped up, not others cut down."

So who pays those increased wages? The gov't? Who subsidizes wages that you think are too low? Taxpayers? WHY?

" Too many people are making too low of wages, the price of food and milk is the same for all of us people even those in poor countries, they deserve to be paid with a respectable wage also."

This is factually INCORRECT. The price of milk is not the same in Cuba or Rhuwanda as it is in the US. Where do you get your information from?

" All people need to be treated fairly, with decent wages not just us Americans, that is a plyte."

What is a '' PHYTE"?

" I make low wages less than $10.00 pr hour and it sux, even though people in other 3rd world countries are making less, that is not right for any people to be treated with such indignaty."Why don't you get a better job? Lawyers, plumbers, doctors, carpenters, all make more than that, why do you WANT to make $10 per hour?

" No one wants to live that way. We need to share the wealth, those of us who can. Then we will all live in a happier world even rich people will be happier, because there wont be as much crime for them to worry about."
posted by daisycat5

YOu must want to live that way, because you CHOOSE to do so, right?

DO you mean you commit crimes because you do not make enough money honestly?


10 months ago
Replies 1 - 10 of 15