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Why the west is and will continue to become desperately poor

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Jack Trippa 3z company ho:

--- Quote from: Infinite... Me Against The World on November 29, 2013, 11:16:20 PM ---  Virt... this is a good deal for the West because that means we get all these great products without having to produce them.   The western economy has advanced its standard of living beyond the factor, producer labor into a service economy and now an information economy

--- End quote ---

Those are not based on anything tangible, and is counter to economic integrity.

Great post virtuoso.

TraceOneInfinite:

--- Quote from: Jack Trippa 3z company ho on November 30, 2013, 04:25:45 AM ---

Those are not based on anything tangible, and is counter to economic integrity.

Great post virtuoso.

--- End quote ---

No it's not..  this is an economic fallacy that has been spoken so many times people take it as conventional wisdom.   Having a production base abroad does not hurt the American economy in the least.  

The problem is that people place a premium on jobs and production.  If you want jobs and production as your economic indicators then why don't we all go back to the dark ages.. I can give everyone a job gathering fire wood, and we can produce a hell of a lot of firewood and call ourselves a productive society?!?

No... jobs and production are not the most important factors when judging the strength of the U.S. economy.  The one factor that is most important is Standard of Living.  And a production base that is abroad represents an increase in the standard of living of the United States.  The standard of living is so high in the United States that most people are not willing to even work in such factories.  The U.S. economy has upgraded from a production based economy to a service based and now information economy.  This is an increase in the standard of living.

virtuoso:

Do you just spout nonsense because you are so indoctrinated by an ideology that you have bought into?

Let's analyse what you just said, let's start with you searching for median incomes remained static since 80's

Let's further analyse that by looking at the annual salary created by these service jobs over the last decade.

Let's further look at that with who are the major job creators now.

Now, let's take a step back and look at what you endorse, complete dependency on another nation to provide the goods which you want.

As for your nonsensical point about services, many jobs will dry up as the robotics era goes full steam ahead.

Unlike you, I wasn't making a political point, I was instead just illustrating why all politicians are full of shit.

Why people like Schiff are so asinine because people will NEED a minimum income just to survive.

Technology will usurp human labour, it's happening and will gather pace

Fraxxx:

--- Quote from: virtuoso on December 01, 2013, 05:56:12 AM ---
Do you just spout nonsense because you are so indoctrinated by an ideology that you have bought into?

Let's analyse what you just said, let's start with you searching for median incomes remained static since 80's

Let's further analyse that by looking at the annual salary created by these service jobs over the last decade.

Let's further look at that with who are the major job creators now.

Now, let's take a step back and look at what you endorse, complete dependency on another nation to provide the goods which you want.

As for your nonsensical point about services, many jobs will dry up as the robotics era goes full steam ahead.

Unlike you, I wasn't making a political point, I was instead just illustrating why all politicians are full of shit.

Why people like Schiff are so asinine because people will NEED a minimum income just to survive.

Technology will usurp human labour, it's happening and will gather pace


--- End quote ---

And as long as this doesn't work entirely all production is transferred to third world countries where people slave away so that the corporations can maximize their profits. Anyone who says that nightmares like the maquiladores at the U.S. border are a good thing is either misinformed or evil.

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