Thread: outsourcing
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Old 10-29-2007, 06:45 PM   #14 (permalink)
inBOIL
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Quote:
Originally Posted by SpottedThinker
Anyway, my feelings are that money should flow freely, forget about the borders. What are your feelings on the subject of outsourcing?
To let the money flow freely would cause enormous economic upheaval, in both countries. In the poor country, the extra wealth would be held by the lucky few who can put themselves in a position to make more than the general worker, while inflation will quickly negate the increaced wages of the majority. In the rich country, unemployment will lead to a lower standard of living, with workers earning lower wages (as wages in the two countries will tend to equalize). Of course, once the economies of the two countries are roughly equal, the damage caused by free trade will disappear, but if the equalizing process is allowed to take place without adequate supervision and intervention, it will only benefit company owners and shareholders at the expense of workers.
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