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if American capitalists can move all jobs except selling food, clothes, and gadgets, cleaning toilets, and building houses, to China and India

Producing non tradeable goods and services make a very large majority of jobs, even today.

When a T-Shirt is sold $10 in the US, a small fraction of a dollar goes to China, the rest is spent on services provided inside the US- the retail job, the logistics infrastructure, the construction of the store, the roads, the port, the tax administration, the IT installation the software, etc...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Jun 13th, 2006 at 03:10:58 PM EST
[ Parent ]
Producing non tradeable goods and services make a very large majority of jobs, even today.
Even today, or especially today? Is that what the service economy is about, to avoid trade once it has been made free?

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Wed Jun 14th, 2006 at 07:11:34 AM EST
[ Parent ]
Some of the nontradeable services you mention are outsourceable.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Wed Jun 14th, 2006 at 07:12:14 AM EST
[ Parent ]

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