...I was asked if I wanted chutney with my tacos....

by MedfordTim on 01/26/2009 03:01:48 PM EST

Tssss.

(Not sure if I did the sound effect right).

by Tom Hanc on 01/26/2009 03:14:42 PM EST

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...and don't forget to tip your waitress. Try the veal. I'll be here through Thursday, G'night everybody!

by MedfordTim on 01/26/2009 03:43:33 PM EST

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I miss Rodney Dangerfield. Back To School is one of the best comedies ever.

by Tom Hanc on 01/26/2009 03:55:27 PM EST

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I am totally floored by this story, IHnB. I don't understand macroeconomics enough to comment on what our trade policy should look like but I do wonder what the heck Americans are going to be doing to earn a living over the next few decades.

Almost any job can be outsourced or (insourced-you don't think we could bring in highly skilled accountants/attorneys/surge ons, etc. from abroad to work at 1/2 the hourly rate?).

Of course that would make the price of goods and services go down but the wages of 'Muricans will fall even more.

This is why I think the tax code is a partial solution, let the companies profits soar; let the wealthy thrive, but let's have them pay enough taxes to keep the quality of life high for everyone.

by dclawyer06 on 01/26/2009 08:21:00 PM EST

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It's basic economics, if you increase the labor supply wages go down.

It's easy to say that the cost of products will also go down, the only problem is that since the #1 goal for corporations by law is to increase profits (and people are greedy), they're far more likely to pocket most of the profits and only reduce the cost of their products *slightly*.

The best example is Nike shoes. After the production of Nike shoes moved out of the US, did we see a dramatic decrease in the cost of Nikes? HELL NO. If anything they got to be MORE expensive, because the market determines the price. The cost of labor is generally a very, very small factor compared to that.

by Tom Hanc on 01/26/2009 09:19:55 PM EST

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