09-20-2007, 02:39 PM
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#145 (permalink)
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| Banned Join Date: Feb 2007 Location: Los Angeles Gender:  Posts: 11,896 Country:  Points: 39,908, Level: 100 | Level up: 0%, 0 Points needed |  |  Quote:
Originally Posted by gonefishin  How about all the ones who can no longer afford those durables. because they have no jobs. how about now the unemployment rate is up? | I sympathise with people in that position, but in an advanced economy like the US there are ample opportunities to retrain and become more marketable in the labour market.
We can never compete on low-paid, unskilled labour and it doesn't make sense to try.
The fundamental principle of International Economics is to capitalise on what you do best, and not try to do everything.
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