applegrove
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Fri Sep-09-11 04:28 PM
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With so many foreign made consumer goods, how much lower is the multiplier effect of jobs created? |
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I mean so you have some infrastructure money. You create many construction jobs. Those workers take the money home and start to spend...but often it is on goods made in China. How much lower is the multiplier effect of jobs created on the economy now that most civil goods are made outside the USA?
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dmallind
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Fri Sep-09-11 04:41 PM
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1. We manufacture a huge number of things, but even, hypothetically, granting your claim |
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People unload those Chinese goods. They transport them. They sell them to you. They repair them, alter them, and maintain them.
And those Chinese factories that made them might use American high-tech machinery (we are a world leader). The facrtories themselves might be built using American made heavy equipment (again) and workers fed with American soybeans or wheat.
The geegaws that sell for $1 may be Chinese. The $1,000,000 machine that produces them is much more likely to come from here.
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applegrove
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Fri Sep-09-11 11:42 PM
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2. Unrec'd? Really? Because I imply that Keynsianism may not be as efficient as it once was because |
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Edited on Fri Sep-09-11 11:43 PM by applegrove
of trade? Wouldn't we want to know this? So we could do something about it.
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DU
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Thu Apr 25th 2024, 08:28 AM
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