Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice Winn who wrote (25337)	11/12/2002 12:23:17 PM
From: Moominoid	Read Replies (2) of 74559

Message #25337 from Maurice Winn at Nov 11, 2002 5:27 PM David, the Arabs got a lot of money from oil. But for 15 years, oil has been just another commodity which doesn't really get people excited. The share of world GDP which is held by oil has dropped a lot since the good old days of 1974 when OPEC could stop the world by turning off a spigot or three. The Arabs didn't. They learned superstitious Islamic twaddle and have been trying to re-invent the dark ages. Agree True, but the labour should flow in the form of goods rather than mass migration. I can understand that Japanese don't want to have hordes of heathens polluting their civilized way of life, stealing and marauding. It's not really labour which moves, it's people. They have a lot of baggage with them. When we moved to Belgium, we added value in some ways, but detracted in others. If we could earn the money and they could get the service while we stayed in our village back home, it would be better all around. With cyberspace, labour travels quickly and cheaply. No need to load up 747s with hundreds of tonnes of people and baggage. Capital doesn't have to move either if trade is balanced. I'm in support of free movement of labor. In the long-run as you point out it probably won't make a huge difference to wages... Property prices, strict environmental policy vs marginal wage rates will keep most of the unskilled hordes out. But there shouldn't be any barriers to those who want to move and can afford to pay for it.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next