Hacker News new | ask | show | jobs
by bingomad123 3352 days ago
> That's completely ignoring the fact that if you have cheaper workers

Cheaper labor is good just like cheaper raw material. Trump wants American companies to buy expensive American steel instead of cheaper Japanese or Chinese steel of same quality. This is a net loss for American economy and a state sponsored coercive benefit for the American Steel industry.

Personally it is both productive and economically beneficial to hire a SAP experience guy from Infosys instead of an American college kid who needs to be trained and who will leave in 1 year any ways. Of course I would hire the college kid for half the wage but then there is this sense of entitlement.

2 comments

cheaper labour is good for those who own capital, not the people providing labour.
"Cheaper labor is good"

Not for the vast majority of Americans who's only source of income is selling their labor (physical, creative, intellectual, etc).