Forum Post: How will the Wall Street protests encourage job creation?
Posted 13 years ago on Oct. 16, 2011, 2:09 a.m. EST by IminTexas
(33)
from La Marque, TX
This content is user submitted and not an official statement
How will the Wall Street protests encourage job creation?
by decentralizing economic power out of the hands of giant corporations, which take jobs overseas to sweatshops full of people that work for next to nothing in abusive conditions....
Well, the abusive conditions comment isn't something I feel like I have adequate knowledge on to address, but offshoring will always represent a net gain for a country compared to a no-offshoring situation. There may be ambiguity on who in particular gains and loses from trade (generally low-skilled labor suffers losses from offshoring while consumers and high-skilled labor benefits) but the overall gains from offshoring have been shown to always offset the losses to any particular sector according to models of international trade. The only factor that can reduce overall gains is a decline in the terms of trade but even then the gains are still larger than in a situation where a country does not conduct offshoring.
Also, Matthew Slaughter wrote an interesting article about how offshoring by US multinationals has added roughly as many jobs in the US as they have added abroad. More investment and employment abroad are strongly associated with more investment and employment in American parent companies.
And if you care to, this article summarizes better than I ever could the importance of cheap labor abroad. http://www.slate.com/articles/business/the_dismal_science/1997/03/in_praise_of_cheap_labor.html
On another note, I'm not some crazy conservative free market proponent. I generally do believe that what the OWS protests are doing is important but it is very easy for one to make generalized statements about large corporations and things like offshoring without looking at the implications of one's suggestions or even any kind of theoretical basis/empirical evidence.
You didn't answer the question.
it's implied that you should extrapolate the answer... it's not a far extrapolation... if you break corporate power, there will be less of what I've described above, going on...
Hello I'm Quanzo Pfter, Chief Executive of Ramon Film Productions in Uganda. I make over 9000 thousand US dollars every day, and my corporation spans 1000 workers over seven different oceans. Here is a trailer to a film that I've personally had a hand in: http://www.youtube.com/watch?v=BymeLkZ7GqM
Anyways, I just want to say that I'm really rich because of all my hard work and it had nothing to do with my willingness to take risks with my family and the general lottery of life. So all of you "99%" communist nazi bangers should just get a job and stop smoking weed like they said on Fox News. So what if I can make unlimited contributions to my representatives? So can you!
Don't believe me? Here's a picture of me with my latest invention: http://www.travelfunny.com/funny-pictures/funny-africa/funny-nigeria-02.jpg
Anyways you guys should know that Democratic Socialism breaks the Second Law of Thermodynamics, so there's no way it could work in our Capitalist system.
Quanzo Pfter
we already have many socialist aspects in our economy
a minimum wage safety standards (OSHA) safety standards for cars Labor laws (no children in factories) Etc.
lol you know its sarcastic right?
I do know, you never know what your gonna find on here!!
Same way it would encourage everything else: by forcing everyone to finally realize that things aren't right and require changing.
lol good luck with that message.
Thank you for your support!
Woodstock! A bunch of drugged out, dirty, drunk, free 'loving' party hippies concentrated in a small town in upper New York, changed America.
Vietnam protests! Ended the failed Vietnam war, changed politics, and changed America.
Martin Luther King! A bunch of people peacefully marched, protested and went against the racist establishment, changed America.
What you have to ask yourself is,,,,, what do you think the Occupy Movement will do to America, and the world, now that it's global???
It will change nothing. Mark my words. In the end, all this passion isn't going to make wall street or the banks do anything. It may make the protesters FEEL like this will produce jobs, but it's not.
There were 80-120 thousand protesters in Madison Wisconsin, millions poured into the state by unions and the left on the recall election and the republicans still have the majority with the new collective bargaining law intact. How did that work out for ya?
To have any chance to change the law they would have to have majorities in both the state house and senate AND the governorship. Considering people are realizing the new collective bargaining law has actually worked (even liberal newspapers have begrudgingly admitted that now), it's not likely to ever be changed back.
I see the same with these protests. Nothing will change. Only time will prove me right.
Well the police are getting a lot of overtime!!
I don't know if the protests will create jobs, but OWS seems to be doing wonders for the stock market. OWS is all over the news and the Dow Futures are up 174 points right now. Looks like it's shaping up to be a good opening Monday !