My Wife Believes American Workers Being Positioned To Accept Lower Living Standard.

[FarCenter]

61. There are roughly 4 billion "bottom of the pyramid" workers that unskilled Americans compete with

Google "bottom of the pyramid workers" or "base of the pyramid workers" for more info.

First, they compete with Americans by either manufacturing imports, performing services work by telecommunications networks, or by competing for natural resources, such as crude oil, minerals, and ores, many of which come from other parts of the globe.

Secondly, cheap networking and information technology means that many of these 4 billion are rapidly learning English and becoming more skilled. Thus they will be competing on a higher level. Notably, they already manufacture much of the cheap information technology.

From a moral perspective, it seems fair that these people should have an equal opportunity to acquire goods and services. In the past, the US has supported economic development in underdeveloped countries around the world. Presumably, some of this was for ethical reasons, and not just a Cold War strategy.