Economic Theory

The problem with economic theory, like the idea that shipping jobs overseas so that Americans can spend their time doing more useful things, is that it is just theory. Granted, it may make some sort of sense if those who are affected by the changes caused by implementation of a particular theory are prepared (emotionally as well as economically) to make the moves necessary, but not so good when people find out about what’s happening after their job has already been shipped off to India.

And by prepartion I don’t mean – ‘By the way Joe, we’re switching things up a little – instead of making good pay making engine parts, you’re going to be making minimum wage as an Assistant Manager at the local Wendy’s.’


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