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Thread: 'Shark Tank' Inventor Loses Big to 'Buy American' Fallacy

  1. #121

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    Quote Originally Posted by KingNothing View Post
    I want world peace and to end starvation. APPLAUD ME!
    And this particular inventor deciding to let his idea be manufactured overseas would cause world peace how exactly? But hey, let's starve em over here so we don't have to starve em over there.
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  3. #122

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    Quote Originally Posted by jmdrake View Post
    And this particular inventor deciding to let his idea be manufactured overseas would cause world peace how exactly? But hey, let's starve em over here so we don't have to starve em over there.
    yeah, don't outsource poverty, IMPORT IT!

  4. #123
    Contributing Member Henry Rogue's Avatar
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    Quote Originally Posted by Tpoints View Post
    Contradiction? There are good kinds of unemployment as well as bad kinds? Why isn't unemployment by outsourcing/offshoring "freeing people to do other things"?
    Your right, it does. Unfortunately the incentive to do other things is lost through welfare/unemployment insurance umbrella. Not always and not for everyone, but there is evidence that many unemployed workers find work once the unemployment insurance is up. I remember reading that in some country, when extending the UI benefit to two years it took that much longer for workers to find work and again when extended to four years. If I'm not mistaken Canada shortened overall time of UI benefits.
    "When goods do not cross borders, soldiers will." Frederic Bastiat


    Peace.

  5. #124
    Site Staff - Moderator Brian4Liberty's Avatar
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    Quote Originally Posted by Qdog View Post
    If we take it to the logical conclusion, we could pretty much just sit on our asses and let robots do everything for us. We could have 99% unemployment, and still have more wealth and standard of living than now.
    Which is why automation and advances in productivity should result in shorter standard workweeks.
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  6. #125

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    Quote Originally Posted by Brian4Liberty View Post
    Which is why automation and advances in productivity should result in shorter standard workweeks.
    It usually does, if it wasn't for : increased desire of consumption, inflation, certain regulations.

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