[cjbgkagh]

With sufficient competition cost savings on labor turn into consumer surplus. It’s incumbent on those who wish to remain in the middle class move up the value chain. This is supposed to be done by using the wealth gained by being early to the middle class to reinvest in additional productivity and specialization. Unfortunately a lot of that wealth has been squandered so those same people are now falling out of the middle class.

A case could be made for maintaining an inefficient and underproductive middle class as a more efficient tax on the productive middle class (as opposed to a less efficient direct redistribution). I am of the view that the US is a net beneficiary of globalization and Americans would have to be prepared to be a lot poorer on average in order to wind it back. I’m also of the view that subsidies for unproductively is long term counter productive.

I think management often overestimates the savings of cheap labor, but instead of legislating nationalistic hiring practices, I would prefer those companies to fail and new ones with new management who can more accurately assess costs and value to replace them.

[RestlessMind]

> With sufficient competition cost savings on labor turn into consumer surplus.

Nice theory. Though consumer surplus is not evenly distributed which creates problems.

> This is supposed to be done by using the wealth gained by being early to the middle class to reinvest in additional productivity and specialization.

Again, wealth gained goes to a different set of people than the ones who need to reinvest in additional training. Also, if you are worked until the age of 45 in a certain field, retraining and becoming expert in another field is near impossible given how much time you have to spare with other commitments in life. So again, a cute theory but fails in practice.

> I am of the view that the US is a net beneficiary of globalization

Citation needed. Maybe there are benefits in the short term but I am afraid we have destabilized our society for the long run.

> I would prefer those companies to fail and new ones with new management who can more accurately assess costs and value to replace them.

Sounds good in theory. Haven't seen it working in practice over the last 2-3 decades across the Western world.

[cjbgkagh]

A lack of consumer surplus creates far more problems.

Again, lack of wealth causes more problems across the board.

I cite myself for my opinion.

I’ve seen a lot of failed outsourcing over the last 20 years. It’s not like companies haven’t been trying and it’s not like they won’t keep trying. In any case, I’m not sure how effective spreading the wealth through labor restrictions will be if developer salaries normalize after the next recession. I think it is probably a moot point.