Name: Anonymous 2006-03-28 17:01
So agriculture welcomes migrant workers who can work below minimum wage and not complain about it, and major corporations love outsourcing to countries where the currency is much less than the US dollar. So how does this affect the US economy exactly?
Obviously there is less employment, BUT it's also less shitty employment for the middle class. It's like having a bunch of bums do all your work for you, when you wouldn't do their jobs anyway.
Second, supply goes up and more goods are produced or manufactured. The downside is there may be more supply than demand, so prices lower, making everything cheaper but harder for companies to make a profit (this happened with early tobacco plantations as prices went too low and couldn't sustain a living for southern farmers).
So the largest effect would be on small and medium businesses who can't get ahead because of low prices, which means less jobs for the middle class due to employers not making enough to sustain business.
Anything else I overlooked?
Obviously there is less employment, BUT it's also less shitty employment for the middle class. It's like having a bunch of bums do all your work for you, when you wouldn't do their jobs anyway.
Second, supply goes up and more goods are produced or manufactured. The downside is there may be more supply than demand, so prices lower, making everything cheaper but harder for companies to make a profit (this happened with early tobacco plantations as prices went too low and couldn't sustain a living for southern farmers).
So the largest effect would be on small and medium businesses who can't get ahead because of low prices, which means less jobs for the middle class due to employers not making enough to sustain business.
Anything else I overlooked?