Republicans (minus Cao) vote unanimously to protect tax breaks for outsourcers (user search)
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  Republicans (minus Cao) vote unanimously to protect tax breaks for outsourcers (search mode)
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Author Topic: Republicans (minus Cao) vote unanimously to protect tax breaks for outsourcers  (Read 1638 times)
Free Trade is managed by the invisible hand.
HoffmanJohn
Jr. Member
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Posts: 1,951
United States


« on: June 02, 2010, 03:24:18 PM »

Right now global demand is weak and thus If these tax breaks are only temporary I have no problem with them, and this is because outsourcing shouldn't increase by much unless demand starts to dramatically pick up.
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Free Trade is managed by the invisible hand.
HoffmanJohn
Jr. Member
***
Posts: 1,951
United States


« Reply #1 on: June 03, 2010, 07:35:33 AM »
« Edited: June 03, 2010, 07:38:26 AM by HoffmanJohn »


the Luddite Fallacy is only applicable at the macroeconomic level, and secondly people who lose their jobs to machines need to be re-trained. Secondly output is driven by demand, and if demand does not increase for the goods produce than the individuals who have lost jobs may not regain them. On a final note I am rather distrust worthy of neoclassical economics because they did not see this crash coming.
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