Wednesday, November 30, 2011

one of our better angel's jaimie gallwit plays blind man's bluff over forex dynamics



"Nothing can stop the Chinese,
Koreans, Vietnamese, and others from making shoes and ships
and sealing wax at wages we can't compete with. And nothing
will.
"

jg ...please there is a dollar forex rate
at work here too

that rate can be altered
and if set and maintaine at a fair competition level
 in the long run we  could re-balance our industrial sector

no that sector even if it recovered enough to balance our industrial trade sector
still  may  not be
a more  jobs plan
but we don't need a more jobs plan if we maintain full employment federal budgets 

we  may in some sense not need a robust industrial sector
maybe we can earn and cheat our way to a sustainable economic structure
 even if our industrial sector shrinks to pea size
but we as a nation and as a society
would and will  greatly benefit
from a robust industrial sector

and that is regardless
 of how many relatively  low skill  jobs that sector  contains
in the future

hell maybe it will al be more automated then todays chemical plants and refineries and power plants

we would  benefit in the future
from  a robust  pay its own way in the world
 industrial sector 
just like we  now benefit from a robust agricultural sector
which  employs directly very few  jobbler folks indeed anymore

--err... though those big ag do employ get still the shaft
  big ag  treats and  pays its few  bracero jobblers
very very very very poorly  eh ??
which  btw
    is itself in part a forex issue ---