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Protectionism
I have no issue with other nations working hard and innovating until their standards of living are equivalent to those in the US.

I have a huge problem with watching my standard of living eroded by inflation and higher taxes due to protectionist policies.

The only force preventing out-of-control inflation in the US is cheap imports. Sure, we could build everything ourselves, but where are we going to get the engineers to design the products and factory workers to build them? Unemployment in the US is around 5%, which is very low. Any lower and economic development is threatened because of too tight of a labor market (which makes companies seek labor in other countries...). Furthermore, we're not producing the engineers and scientists necessary for continued product innovation.

The US holds over half the world's wealth and over a third of the world's economic production, yet has less than 5% of the world's population. I don't think we can make our piece of the pie any bigger without some major growth in the pie as a whole. Right now, I think the biggest roadblock to our own economic development is a lack of economic development in the rest of the world. Fortunately countries like China and India are working agressively to eleminate that roadblock.
Posted by: Erik1234   Posted on: 07/17/05 You are currently: a Guest | Members login | Terms of Use
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And substantial amount of higher-level work is moved offshore  ChinesePhDinCA | 07/15/05
So what should they major in instead?  LateBlt | 07/15/05
forget business skills, I would learn IT  wildranger | 07/15/05
I hope you're right...  LateBlt | 07/15/05
if you were an employer which person would you pick...  wildranger | 07/16/05
They can still try for it  Mark Miller | 07/16/05
yep I agree...but  wildranger | 07/16/05
get real!  icorson1 | 07/16/05
Media vs. Reality  Erik1234 | 07/17/05
sorry, but not quite accurate....  wildranger | 07/17/05
Paper Qualification vs. Actual Qualifications  Erik1234 | 07/18/05
Ironically these are AMONG the majors that should be EMPHASIZED  michael_t | 07/17/05
we must regain entry-level IT jobs to survive  wildranger | 07/15/05
entry level is very important  zzz1234567890 | 07/15/05
Can you tell me specifics of IT position?  kaizada | 07/16/05
one recommendation  wildranger | 07/16/05
OffShore Is Not A Solution  flipper1975wat@... | 07/16/05
changing american dreams  pesky_z | 07/16/05
If I had a kid...  wildranger | 07/16/05
American Culture  Erik1234 | 07/17/05
American Innovation in Information Technology is the key...  wildranger | 07/17/05
It's more that Innovation  Erik1234 | 07/18/05
You are absolutely right.  michael_t | 07/17/05
Protectionism  Erik1234 | 07/17/05
What is the American dream?  voska | 07/18/05
Another industry lost....  redstone | 07/16/05
more foreign companies buy services from us than us from them  wildranger | 07/16/05
Jobs like what? Disk drive swappers? (nt)  michael_t | 07/17/05
Proposition to consider.  Anton Philidor | 07/18/05
Entry level work. Grunt work. Yeah, that's a living at minimum wage...  HypnoToad | 07/18/05

What do you think?

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