Tuesday, November 19, 2013
David Ricardo (Garrett Steinberg)
I completely agree with the statement that shifting jobs overseas to take advantage of cheap labor and natural resources is the best solution for our economy. In the principle of comparative advantage, trade will most benefit any economy because we are utilizing the most natural resources that cannot be attained of a similar quality anywhere else for a cheaper price. This use of comparative advantage would make wages lower so people within England could play a key role in maintaining our economy and we could still gain new products and cheap labor from other countries. This use of trade would also best benefit a new global economy. The use of trade could allow us to make the best use of our economy because all labor would be cheaper for more innovated products attained worldwide. This shift of jobs would also progress technology twice as fast as other countries would trade their resources allowing other countries to innovate upon them and fully realize new technology's potential. This philosophy would allow our economy to grow as others benefited as well.
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I am going to completely bash what you just stated here. Listen. If we shift jobs overseas, how can you guarantee that this vision will be a success? You cannot promise that this overseas transition will happen smoothly. Getting there may be a danger to all and also my job will barely change. Sure, resources will be abundant, but so what? In factories now, there is plenty resources that us workers must handle. You must consider the lives of workers, which is most of us. Before you speak, you must think of how others will be affected. Live a day in my shoes and you will see what I am going through.
ReplyDeleteI(Robert Owen) completely disagree with you. Yes our economy would benefit, but at what cost? Is it really worth it to take away the jobs of poor lower class people for your countries personal gain. We need to improve the equality between classes not make the lower class suffer more.
ReplyDeleteThat is ridiculous. These men and women are already undergoing so many hardships. A Revolt is surely ahead of us. Moving them overseas will only make this revolution occur faster.
ReplyDeleteI concur with your opinion on shifting jobs. By shifting jobs overseas, we will be benefiting the greater community, which will maximize utility. Cheaper labor will allow for more people to be employed, resulting in greater happiness. What many fail to realize is the net happiness would not decrease, merely the happiness of the people in the original nation. That decrease in pleasure would simply be counteracted by the increase in pleasure that would result from those who receive the jobs in the new country.
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