General Discussion
In reply to the discussion: John Kasich to seniors who want to keep their Social Security: “get over it” [View all]AdHocSolver
(2,561 posts)...provides an economy with more jobs for more people than one large mega-corporation, and spreads the wealth to more people.
Such an economy also provides more upward mobility to workers, and allows workers to negotiate better pay and working conditions, or they can move to another company for a better opportunity. You know, like it used to be in this country before the jobs were outsourced.
In other words, it forces companies to be competitive as to pay and benefits in hiring workers, like they used to be before outsourcing closed hundreds of thousands of small to medium size businesses.
Moreover, the workers in Vietnam who earn a couple of dollars a day manufacturing shirts in Vietnam that sell for $35.00 a piece in the U.S. are not sharing in the business boom.
On the contrary, if the Vietnamese sweatshops wanted to sell their inventory, and couldn't sell their entire output to U.S. mega-stores, they would be forced to raise wages in their own countries so that their own people could afford to buy what they manufactured. That would grow their middle class to higher wage levels so that they would be able to afford to buy products made in the U.S.