Not him but my 2 cents:
>The average citizen in any country has more to gain from the deepening of the middle class globally.
The deepening of the middleclass here to me has seemingly meant that more people do jobs that are seen as middle class. At the same time the "middle class" purchasing power when it comes to important thing isn't that far off from that of the lower class of the past. yes they can buy big flat screen tv's for cheap now but more important things have started to become an issue despite rapid technological advancement.
>Healthy economies, with actual competition, create a deeper more informed citizenry. This means more people living up to their potential,
You now compete with a foreign multinational which employs people at a fraction of your local wages. So you no longer compete and there's less real actual competition.
> At the same time the "middle class" purchasing power when it comes to important thing isn't that far off from that of the lower class of the past. yes they can buy big flat screen tv's for cheap now but more important things have started to become an issue despite rapid technological advancement.
You are drawing a causal line between correlated events.
The middle class globally has been weakened since the 80s.
One of the current issues we are contending with is the fact that wealth has concentrated into fewer and fewer hands.
America recently had a year where the top 10% of earners drove nearly 50% of consumer spending.
We could spend the entirety of the conversation discussing wealth concentration, and it would still be a worthwhile digression.
You can’t have a consumer driven market if the consumers don’t have anything to purchase with.
However, when you dismiss flat screen TVs offhandedly also does your own argument a disservice. By deciding what is important and what is not, you are taking on the role of arbiter of subjective merit.
This is fine, but then you have to also make arguments for how the economic incentives must be aligned to achieve your subjective goals.
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From what I have said, you should know that I am sympathetic to the motivations behind your argument. I am not sympathetic to bad arguments.
Protectionism is fatal to economies, and simply tanks your drive. The ability of MNCs to just offshore work should be benign, but appears malignant. If work is offshored, it should also result in more productivity or higher productivity in the nation it is offshored from.
You should see higher tax revenues as a result, which should be plowed back into your local economy.
Weirdly, our economies seem to all be becoming more productive, but not much richer.
This is one of the reasons I sincerely recommend exporting labour standards more aggressively. At least you are not at a disadvantage because you have actual labour protections, and it reduces the value of labour arbitrage.
The other issue is retraining doesn’t work at the speed and scales changes happen. Our brains are not flexible enough to retrain miners into programmers and have them find jobs which are equally well paying.
If we had a number for how much retraining we can actually achieve, or how much time it would take, we could figure out how much we can outsource before it becomes impossible to retrain our citizens.
>One of the current issues we are contending with is the fact that wealth has concentrated into fewer and fewer hands.
And I'm suggesting wage bargaining power has affected that. Not on it's own. But it has had notable effect.
>By deciding what is important and what is not, you are taking on the role of arbiter of subjective merit.
I am as are you but I think I am far from alone. After all the big societal issues that spark these discussions aren't sparked by a few cents of lipstick and somewhat cheaper screens.
>Protectionism is fatal to economies, and simply tanks your drive.
Various protectionist self-serving policies are part of what made japan a threathening rapidly growing economic power untill the US and Europe strongarmed it with....protectionist policy. It's also what made China the power it is today. Etc
And I don't think anyone can argue it stopped japan, china, etc from innovating.
Show me the ultraliberal free for all that did well and isn't super financialized.
"drive" on the other hand is an ephemeral thing that starts falling apart when it is more clearly defined. I can just as easily argue that my drive is hampered because there's no reason for me to attempt to enter plenty of conceivable fields (and even begin to innovate) where i would compete with a multinational utilizing sweatshop workers in Mali. I can also point at the various industries that got internationally more and more consolidated into fewer and fewer players leading to less innovation and "drive".
>This is one of the reasons I sincerely recommend exporting labour standards more aggressively. At least you are not at a disadvantage because you have actual labour protections, and it reduces the value of labour arbitrage.
I don't get to dictate the labour policies of kuala lumpur, etc and any attempt to would be radically more involved costly and far beyond my small countries scope than simply affecting what companies do locally. It is defending a situation with hypotheticals that rarely happen and when they happen they have often happened badly or shift the problem further.
>The other issue is retraining doesn’t work at the speed and scales changes happen. Our brains are not flexible enough to retrain miners into programmers and have them find jobs which are equally well paying.
I think this idea that everyone in the world can be part of the professional-managerial class (PMC) and this striving towards it is also self defeating. You argue about this from a global perspective but also as if it would be good locally in a more developed place if only those with "less desired jobs" could properly retrain and such as if these same reasonings wouldn't apply there. Those jobs that are leaving are desired to me even if I don't do them all. Those wage setting mechanics for jobs in mining, at a call center, assembling components on an assembly line also indirectly affect those wage setting pressures/purchasing power of the software dev, marketing person, etc