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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mary Cluney who wrote (275827)1/31/2004 3:09:37 PM
From: Dr. Voodoo  Read Replies (1) of 436258
 
Hi Mary,

A very interesting post. Over the last few months I've been kind of mulling over the role of free trade of labor markets in the global economy. What I actually just realized is that for me this is a tougher problem to grasp than what it appears on the surface.

On one hand labor markets are a major portion of the cost of goods. On the other hand, cheap goods are different from cheap labor in that goods are not innovative, they feed the innovation process. My big fear is that by outsourcing labor we are also outsourcing our innovation, thus leading to a MORE competitive global marketplace, lower wages, and higher risk/reward for innovation.

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