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Higher Oil Prices Are Starting To Bring Jobs Home
penguin_dance notes a report up at ABC News that high oil and gas prices in the US may be moving jobs back home in a trend that some economists are calling "reverse globalization." It's becoming more and more expensive to ship finished product from other countries, so some companies are moving the manufacturing back to the US. The article hints that this trend may spill over soon to raw materials such as steel. One economist is quoted: "It's not just about labor costs anymore. Distance costs money, and when you have to shift iron ore from Brazil to China and then ship it back to Pittsburgh, Pittsburgh is looking pretty good at 40 bucks an hour."
BROKEN WINDOW FALLACY
http://freedomkeys.com/window.htm
I've never seen such a beautiful example of the broken window fallacy. Good job /. for not realizing it.
Damn you free market democracy!!
High fuel prices driven by a world who wants what America has forcing capitalist bourgeoisie American's to actually reduce overconsumption AND force them to do their own work is great. But without having huge government programs, protectionist tariffs, and excessive regulation, how ever will they make sure they muddle up their economy completely... I mean help the people?
Lets just pray the monstrous free market disaster doesn't figure out a cure global warming and a way to provide health care, or end poverty. Then I'll never get to help the people with socialism!
I actually left thinking how pathetic I am for posting on slashdot, but then you came along and showed me it's not as bad as trolling slashdot, so my day has picked up quite a bit, thanks :)
The greatest generation was born in the late 15th-early 16th century. Every other generation has been a bunch of lame-ass pansies by comparison.
SJW: Someone who has run out of real oppression, and has to fake it.