Mind your business.

  • 71 Posts
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Joined 1 year ago
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Cake day: April 18th, 2024

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  • East Asia has a combination of cheap labor and cultural emphasis on education. What this means is their workforce is trainable. They are able to learn, but not as expensive as the US. Another aspect is their urban areas are very dense. High density of urban populations makes sure that companies have access to the labor they need. Compare that to Arizona, or any other US state. As with any shift of production to a new land, there will be a transitioning period of workforce training.






  • The problem with US healthcare costs is insurance. This includes, Medicaid, Obamacare, and Medicare, not just private insurance. Too much insurance, and not enough shopping around for lower prices, effectively as not having any competition. In basic economics, people shop around for cheaper prices among providers who should be competing among each other. This is basic economics. Why is that so hard for Americans to understand? More insurance is not going to fix the problem. Americans need to go through basic economics as high school curriculum, because their current education isn’t serving them well. They have no ability to understand causation and easily mislead by the corrupt politicians they vote for. Paul Krugman, for example, could not see how inflation could be produced by squeezing supply chains, and flooding the economy with money.