From: Max More (max@maxmore.com)
Date: Sat Aug 31 2002 - 13:03:08 MDT
At 12:42 PM 8/30/2002 -0700, you wrote:
>An article in todays IBD (Investors Business Daily) indicates we
>are losing high-productivity jobs to overseas at a rate of 400,000
>annually.
Is that loss from current industries, or net?
>Per capita income growth is under attack from two factors,
>exporting high-productivity jobs and importing low-productivity
>people.
I find this extremely hard to believe. Productivity growth has increased
over the last decade. Even after multiple revisions, this trend holds. How
do you square that with the above claim?
>This of course means the tax revenue from these jobs is lost
>permanently.
Not if the lost high-productivity jobs are replaced with different high
productivity jobs, as has been the case throughout history in largely
market economies (not without painful adjustments in many cases).
>Somebody notify congress.
Oh, yes, that'll fix the problem! Those economic geniuses can always be
relied on the solve our problems.
Many of the following comments on this thread could be rewritten, replacing
current job losses with earlier losses in agriculture, textiles, and so on.
The lack of economic historical perspective startles me.
Am I on the right list???
Max
_______________________________________________________
Max More, Ph.D.
max@maxmore.com or more@extropy.org
http://www.maxmore.com
Strategic Philosopher
President, Extropy Institute. http://www.extropy.org <more@extropy.org>
_______________________________________________________
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