U.S. may feel global squeeze 2984

Just chickeny

There is an excess of supply. I will go in to more detail later. This pushes prices lower.

China is still a communist nation. Communism wouldn't be so bad if it were controlled by labor but it is not. As it is it's just state capitalism, that is just another facist nation. It's getting better and allows some freedom but we seem to be moving in its direction faster than it is towards us.

When facist leaders make production decisions labor looses because labor is just a cost center. Labor doesn't maked individual decisions to maximize its quality of life or even to maximize its collective quality of life. Instead the leaders make decisions to maximize their quality of life.

It's a race to the bottom because we are competing against labor that does not make its own production choices for its own purposes.

How can you say high paying jobs will exist if you don't have any idea of what they are? We are the Consumer Debt nation we are because labor has been able to make choices that resulted in sufficient pay so as to buy the goods of others. If the mbuttes do not get sufficient pay they will have to pull in to a lower standard of living and capital will not be able to exact as much rent. We are on our way down because the power elite are taking an ever increasing share of the nation's wealth and production.

Because the Chinese aren't making their own production choices, their leaders are. What's good for the Chinese leaders in the short run may be bad for the Chinese people in both the short run and the long run. Once we are down to the Chinese standard of living comparitive advantage can start to work in our favor.

You're not even thinking. I'll stick with you as long as you wish but you will have to put some effort into it.

Because in a capitalistic society capital is owned by the investor clbutt not the labor clbutt. Labor has to compete against automation for wages where investors take the profits from automation in the form of rent as long as it exists. Once the profit has been wrung out of automation the benefits accrue to society as it is divested from the investor clbutt and they move on to some newer technology getting high rates of return.

We live in a society. None the less that isn't the riddle I posed.

In a winner take all society the losers lose but the winners may not be as big of a winner as they might be had the losers not been pushed by nature's necessity into suboptimal solutions. It's a balancing act.