The power of creative destruction, in 1 picture

[Le_Jacquelope]

After going well over the 20,000 character limit taking snapshots of where your argument rigorously deconstructs itself, I’m just going to trim this down to the TOP 5-ranked deluded arguments that you posted here. That being the 5 most hilarious among all the failed cartoonish points you tried to make.

@mazinger_z

I’ve already posted my cites against this. Before you post your cherry picking site from axe-grinding liberal and hippie web sites,

Such as? Factcheck.org even explains the middle class is shrinking.

While you’re at it, go look up “plutocracy” while you’re at it.

Right, my parents, my best friend, and HR manager didn’t buy new cars in 2007. I didn’t buy a new house in 2007. My sister didn’t expand her portfolio, the DOW wasn’t trading at 14k? Are you sure about that?

It happened because the economy was lying to itself. Ever heard of a house of cards?

You didn’t point it out to me specifically. But, others have already refuted your notion.

No one anywhere on here has ever refuted the fact that we’re bleeding research jobs overseas. Show where that has happened. Go look up biotech offshoring if you believe it is untrue.

Another dodge. So, you don’t know the interaction between supply and demand? Again you belabor X million out of work, when there is always people out of work. The price of tea in China is what again? In this particular example, all things being equal is that demand drops. Just like what happens when you raise the price of anything. Except now, you’ve affected 300 million people with your tariffs, whereas only 16 million were affected before.

Wrong. AGAIN. In manufacturing, American productivity outsizes China’s by a factor of 9 to 1. (cite: http://www.msnbc.msn.com/id/20572828/) Bringing the work back here would mean a 5x increase in labor price and a 9 to 1 drop in work hours needed to produce the goods. The cost of iPods (originally $300) would be multiplied by 5/9, depending on how well worker productivity interacts with the machinery.

I’m amazed that you don’t understand the basic concept of productivity and its relationship with wages when calculating the price of goods. Oh no, wait, I’m not surprised.

Let’s start with the simple stuff.
Factory A: Johnny is working for $5 an hour and he produces 9 iPods an hour.
Factory B: Richard is working for $1 an hour and he produces 1 iPod an hour.

Which factory produces iPods at the cheapest cost?

Do you even know what you’re writing? You are saying that business hire people to have customers. Do you really believe that? Is this really worth addressing? Do you not see anything wrong with that business model?

That isn’t even what I’m saying. If one company lays off its staff and moves overseas, that doesn’t hurt the overall economy. But when thousands of companies do this and MILLIONS of jobs are lost as a result, that’s a lot of people who are earning $0 and will not be able to afford goods at any price. The more workers get laid off the more won’t be able to afford anything. It’s like pissing in a big pool: one swimmer won’t be a problem but get 100 people on the side taking a whizz and you’ve got problems for everyone in the pool.

Furthermore you have yet to show how sending jobs offshore creates jobs in other areas. A lot of companies simply pocket the profits. Case in point: the ginormous cash reserves corporations are amassing right now.