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Politics : View from the Center and Left

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To: neolib who wrote (28230)	9/8/2006 2:16:30 PM
From: TimF	Read Replies (1) of 542201

True, productivity contributes to that process, but more imported goods is a larger factor. I disagree. If imported goods were a larger factor than we would be manufacturing less than we used to manufacture, but we manufacture more (measured by real dollar value of output). Productivity also affects the service industries, but employment there is up. Probably less than productivity in manufacturing. And yes the fact that services aren't as traded as goods plays a role, but the fact that we can produce food and goods with less people plays a larger role. People consume more services now than they used to, and the larger production of services requires more service employees. That doesn't mean the US will shrink in response to their growth. It most likely means the US will be under worse competitive pressure. Competitive pressure isn't all bad. It forces the US to improve its net combination of price, service, and quality. Remove that competition and the consumer is harmed. Its competition but its not war. The competition is a net creator not a net destroyer.

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