economical nonsense

[arethinn]

Yesterday I was reading an article in the Mercury about the governor's signing and veoting of bills, and reported that he had rejected an anti-offshoring one because "[he thought] California should not focus on 'erecting artificial barries that will thwart the spririt of our citizens and the businesses that help our economy grow.' "

I am at a total loss to understand this reasoning. It seems like complete illogic to me. The basis of an economy is people spending money to buy shit. It's pretty hard to do that if you don't have money to spend, and the usual way of getting it is having a job. So doesn't decreasing the available number of jobs rather "thwart the spirit" of encouraging said spending?

Comments

[twopiearr.livejournal.com]

the argument is that higher labor costs = higher production costs = more expensive goods, so the country is better of with everyone working at (and thus only being able to afford to shop at) Walmart while the professional jobs go overseas than with barriers to keep jobs here.

whole thing seems rather more complex than either of those base points to me, but damned if i can figure out how it really works.

[juuro.livejournal.com]

Your closing statement is cuttingly perceptive. I'm convinced that the people who claim they have figured it out are making several simplifying assumptions, and then by logical progression drift to the one or the other opposite of bipartisan views.