re: #116 prononymous

I haven’t pinned down my own argument yet. I’ll do that later in a different mental state.

My basic thought is something like: because labor overseas is cheaper, that is what has mainly contributed to exporting jobs overseas. If you cut taxes on the rich and corporations then that money, should they choose to invest some or all of it on hiring employees, will create a higher ratio jobs overseas than here. It is the logical to maximize the purchasing power of your money.

First rule of economics is to buy what you need at the lowest cost because that is the most efficient way to use resources and maximizes return on investment, even if that means buying exports. Sometimes that is labor overseas, but sometimes that overseas labor is more expensive than it first seems because of lower productivity, education, communication barriers, etc. In phone tech support, for instance, there has been some back tracking on the outsource craze around the tech bubble.