tag:blogger.com,1999:blog-2761684730989137546.post1644176482117469736..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Joel Kotkin — Neither Party Dealing With More-Rigid Class Structuremike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-2561415506005836852013-12-31T11:18:51.994-05:002013-12-31T11:18:51.994-05:00This comment has been removed by the author.Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-18558105510951492662013-12-31T10:13:56.876-05:002013-12-31T10:13:56.876-05:00From what I am hearing, it's not just lower wa...From what I am hearing, it's not just lower wage but no regs, and even more so the regs. Companies prefer a "free market" in which all negative externalities are socialized.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-11155411699103264492013-12-31T09:01:25.637-05:002013-12-31T09:01:25.637-05:00The Walmart/Costco model of requiring producers to...The Walmart/Costco model of requiring producers to move production out of country has been amped up on steroids in the last couple years. Companies, like GE and the other usual suspects are going around, buying up US engineering, technology and research companies, to shut them down, layoff the US workforces and reproduce the products with R&D and engineering in the EM, where it can be done more cheaply. EVERYTHING is done out of country, no management, no research, no development, not even advertising or distribution folks anymore. It has been alarming to watch it accelerate as companies have become so adept at outsourcing that they move in and shutdown multi-billion dollar companies in a matter of months, with nothing left. 5-10,000 upper middle class employees gone at a whack. <br /><br />With China and Mexico and most of the EM lifting their masses from the low wage nation status to middle income, and have thrown a large part of their national wealth to educating the generations about to come into the workforce, the future is dim for the US upper middle classes. That college dream that was promised to result in ever rising incomes and roads paved in gold has a pretty dim future, indeed. The EM doesn't want to make your shoes or send their kids to put a new roof on your house, they want to do your job for half what you do it for. And they are better educated, hungry and willing to work twice as hard as you. <br /><br />Instead of fixing the rules, laws and understanding of the economy to address the micro and macro economic issues, the academics were selling their snake oil. Now, they are a decade too late to prevent the catastrophe to the upper middle classes.Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-13795420321784717022013-12-31T02:24:34.498-05:002013-12-31T02:24:34.498-05:00Let them eat jelly beansLet them eat jelly beansgoogleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com