Sitting there repeating over and over again that Mexicans should perform the cheap labor sounds like you are highly prejudiced against them as a people. Does that mean that a Mexican who immigrates here legally should only be allowed to work at Taco Bell (or related)?
No. But this is the practical reality. They work hard, they're here to work, but they're generally unskilled, which is a consequence of the fact that it's relatively easy for them to get here. A selection effect. And having grown up in a relatively mixed area of Texas I had plenty of Mexican friends so please don't call me a racist.
Where I work now, by contrast, more than a third of the people are foreigners in varying degrees but they're highly skilled and come from a wide variety of geographical backgrounds. A different selection effect. The typical Mexican who makes it to Japan is probably a highly qualified individual just as the typical Indian that makes it to Manhattan.
But how would you fund it? You've said now that we should invest more in education. Currently, many people are unable to obtain grants, loans and federal financial aid, simply because the money isn't there. Are you willing to pay out of your pocket to send the girl who bags my groceries to school? Not only that, but if everyone in America is trained to be only a white collar worker, where are all these jobs supposed to come from? They don't just materialize out of thin air you know, if they did, our current problem of people with college educations unable to even obtain a job a McDonald's would be non-existent.
Depends on who the girl that bags your groceries is. I used to bag groceries.
Jobs come with investment, education, and time. So no, of course they don't come out of thin air. But there really is not a shortage of white-collar jobs; my firm would be happy to hire twice as many talented people, but there aren't that many talented people up for hire even in this market. This is a consequence of the way we run our education system (and more broadly our society).
But if someone without a college degree can't get a job at McDonald's, it's a problem with him.
So, there's a new regulation out. You love you job in the financial industry, but sorry, everyone in the country must now become a farmer. Or an advertiser. Or a lawyer. Or so on and so forth. So even though you love your job, it's what you've always wanted to do all your life, you are now going to be pushed out of said job because it's not allowed anymore.
See, what I like to think about is the other side of this - which is what other people are forced to sacrifice to let you do what you want. I gave examples already where people would have to pay twice as much for plane tickets or twice as much for clothes. And then I remember that the real outrage is that someone in Mexico - who works hard - is denied the opportunity to do so because some slacker has decided to use the laws of this country to protect his right to being a cashier.
And again - and I have said this a dozen times by now in this thread - I am not unsympathetic to people suffering because of progress
. It would suck to be laid off, it would suck to be told that I can't have the job that I want to have. But the point of a job is that it is useful to society. We don't pay people to enjoy themselves or else we'd all be living in squalor.
And I've personally suggested raising income taxes, and since I've told you that I live in Manhattan and work in finance that you can deduce that income taxes are not abstract to me. So, no, frankly...if the government told me with justification that I had to leave my job I think and hope that I'd have the civic obligation to respect that.
Just because you had the means to go to college, obtain a degree and get the job you have, doesn't mean that others want that situation. While they may want or have the education, they may be perfectly content in their current job field, even if it doesn't provide them with every luxury in life.
In that case, you are asking us to pay for your uselessness. I say the reverse - if you don't want to go to college, if you don't want to learn, if you don't want to work, if you don't want to be useful, you deserve to be paid less. I will welcome the foreigner who comes here with nothing and competes with you because he has worked harder to earn the privilege.
Overrated? Try telling the Europeans that...Greece, Portugal, Spain, Italy and possibly the UK come straight to mind. The markets certainly don't appreciate their indebtedness and have reacted strongly to Greece's situation. A sovereign nation's debt is more risky than Lehman or Goldman and...err...one has bitten the dust and the other is in damage control. Oh yes...I didn't mention the US...but hey, the head in the sand works wonders.
I was talking about US sovereign debt, so if you have something to say about that, please...
Hence my point about ensuring idiots don't run the country.
So...what, you agree that deregulation in the hands of intelligent legislators is a wise course of action?
And you're telling me that this doesn't or hasn't happened? Following extreme cost cutting, the shell company usually gets sold before it's recognised for being unsustainable.
Yes, I'd actually like an example because there are very, very highly paid analysts to ask these very sorts of questions about how cost-cutting affects long-term profitability when they value a company. And I actually compete with them professionally so I'd love some shit to throw at these fucks.
Then it becomes the next CEO's problem. And that's why we're in the mess that we are today...collectively and lemminglike closing our eyes to exactly this problem...and please don't tell me that the market will work it out. It won't because there are too many big boys in there lining their own pockets at the public's expense.
I'd be less cynical about these arguments if people didn't seem so eager to proclaim that there are "big boys in there lining their own pockets at the public's expense."
So, I'll leave you to your surety... and clearly high regard for the philosophy of Gordon Gecko. AFter all you're more of an expert in the textile industry than my father who only spent 40 years doing QA and Chemistry work in it.
Gekko. With two K's.