Originally posted by jonb@Jul 24 2005, 05:35 PM
It just generally hurts the working class.
Oh, and smallman? Those cheap goods come at a price. Namely higher unemployment, and in particular fewer manufacturing jobs. Except of course at McDonald's.
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the current unemployment rate is 5%, which is the natural rate, and jobs in the manufacturing sector of our economy have been shrinking for years -as are themanufactoring sectors of pretty much all the developed countries. by the way, we produce and export more steel now than at any point in the last 20 years, we just need less workers to do it.
the only real consquence is that no one can expect to work a 9-5 schedule at one company for the rest of their lives.