So I often hear people complain about jobs lost. I’ll refer again to Michael Moore. He has a hatred for GM stemming from the removal of a GM plant from his hometown in Michigan. Obviously thousands of jobs were lost. I find views like these are rather short-sighted.
Often, jobs are shed when new technology is created. Imagine Edison touting his new lightbulb, and how people everywhere would soon be getting these electric lights. The candle makers were shaking in their boots. Undoubtedly, tons of people lost work making candles. Of course many more probably picked up jobs making light bulbs.
As well, new technology creates new jobs for people to operate new machines, etc. I will grant that technology can reduce jobs in a certain area, but it also reduces prices. Often that makes things affordable for everyone.
Or jobs are sent overseas, again making things more affordable. Imagine if every part of your computer was made in the USA. Imagine if all the service as domestic. Now imagine how much your computer would cost? It would probably cost twice as much, or be 5 or 10 years behind in technology. Computers, as they are now, seem to be a great example of capitalism at work.
I’ll return to the automotive world… Jobs are shed for a reason. They are uneconomical. Imagine if GM had never closed any plants. Wages would go up, productivity would probably stagnate, and the prices of cars would go up. Assume the Big 3 all acted the same way. Certainly the foreign imports would gain market share as their lower prices and equal quality made an impact on markets. It doesn’t take much imagination to see the downfall that become the industry… Sure the government could tariff the foreign competition. Great, domestic prices would stay high. Cars would probably cost twice as much, and all the jobs are saved. Except now Americans can’t afford all the other things we have such as homes, tvs, radios, etc., etc.
And let’s not blame the investors who demand profit. They are risking their money, without which none of the progress would be possible. Big risk, big reward. That’s just how it works… it’s the same reason why rich people get more money from banks while poor people pay tons of fees and charges.
So if you lose your job, remember that you probably took someone else’s a long time ago. It’s a cycle. If you think that John Kerry, or anyone else who promises a job for everyone is a great man, he’s an idiot or a socialist or both. Ask the USSR how socialism worked for them.