Originally Posted by Dude
Originally Posted by Bostonian
Overall this benefits Americans, because in a competitive market companies will pass on labor cost savings to consumers.

So we can expect workers to lose $10 on hourly wages, and that somehow balances $10 off a pair of shoes?

That's why workers need to upgrade their skill set to climb the value-added chain.

Once we are all hedge fund investment banking pediatric radiation oncology neurosurgeons, we will no longer be concerned silly things like hourly wages.

The sheer value that we will create every hour leaves me speechless.

By cooperating with the global financial hypereconomy in creating a self-sustaining Carousel of Progress, we will finally reach utopia.