I think it is about trade between two entities with radically different wage structures, environment controls, labour laws, etc. Two entities that have developed in different ways are now trading. There is going to be a problem in the developed, higher wage country. Its inevitable.
Is such trade a good thing to do? It depends. On whether you are a worker in Detroit, in China or whether you are stockholder. It also depends on whether over the longer term there will be sufficient economic activity and taxes paid in the high wage country to continue with the range of social amenities that define a developed country. Arthur -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Ed Weick Sent: Friday, July 6, 2007 11:34 AM To: [EMAIL PROTECTED]; Christoph Reuss Subject: Re: [Futurework] More gloooooooom Hi Chris, I'm not really sure that free trade plays much of a role in this. Chrysler, now uncoupled from Daimler, has not had a happy history recently. Last year it lost nearly $700 billion dollars and its sales and market share have been declining. It has to do something, and selling the ultra-inexpensive Chinese made Chery to, initially, Latin America and Eastern Europe, then to Western Europe and North America, seems like a logical way to go. But doing that could have a huge potential impact on production and jobs in the US and Canada. Something I read said that Chrysler is already planning to cut 13,000 jobs and close a plant in Delaware. And if Chrysler is moving production to China, it is entirely possible that General Motors and Ford are also thinking about it. Ed ----- Original Message ----- From: "Christoph Reuss" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Friday, July 06, 2007 7:27 AM Subject: Re: [Futurework] More gloooooooom >> I would venture that Mr. Hargrove should fear less and prepare more. >> I am trying think of examples of job security trumping lowest cost > > "Trumping" on the supply side, perhaps, but certainly not on the demand > side. > > News items like Ed's just confirm that the Free Trade insanity has to be > stopped before it destroys the future of work and the environment, i.e. > The Future! > > Chris > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~ > SpamWall: Mail to this addy is deleted unread unless it contains the > keyword > "igve". > > > _______________________________________________ > Futurework mailing list > Futurework@fes.uwaterloo.ca > http://fes.uwaterloo.ca/mailman/listinfo/futurework _______________________________________________ Futurework mailing list Futurework@fes.uwaterloo.ca http://fes.uwaterloo.ca/mailman/listinfo/futurework _______________________________________________ Futurework mailing list Futurework@fes.uwaterloo.ca http://fes.uwaterloo.ca/mailman/listinfo/futurework
