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by jellicle 4547 days ago
Moving plants is not what the link you are linking to talks about.

And in fact, what you are linking to is a right-wing attack on very legitimate economic ideas. The introduction of the 40-hour week did increase employment, and further reduction of work weeks would indeed increase the number of people employed (as we see already: all job growth in the U.S. currently is full-time jobs being converted into multiple part-time jobs in the service industry).

That is, you've linked to a discussion of something on Wikipedia and you believe that the discussion of it proves its truthfulness; nothing could be further from the truth. See also: discussion of moon landing conspiracies.

In fact, if I fire someone in China and hire someone in Vietnam, I have indeed engaged in a zero-sum transaction - actually a negative-sum transaction, since I'll be paying the Vietnamese guy less than the Chinese guy. Overall, the world economy will be moving slower because of my actions.

1 comments

If the economy were zero-sum, we would be far poorer today, with 7 billion people, than 200 years ago, when there were only 1 billion people, right?

I don't believe in things like "the market will sort everything out", by the way. There are winners and losers, and I think society has some duty to help take care of those who get the short end of the stick. But I don't think "don't let the factories move" is the right way to help those people, long term.