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The Water Cooler
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The reality of a minimum wage
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<blockquote data-quote="Dave70968" data-source="post: 3004990" data-attributes="member: 13624"><p><span style="font-size: 18px"><strong>What is 'Competitive Advantage'</strong></span></p><p>Competitive advantages are conditions that allow a company or country to produce a good or service at a lower price or in a more desirable fashion for customers. These conditions allow the productive entity to generate more sales or superior margins than its competition. Competitive advantages are attributed to a variety of factors, including cost structure, brand, quality of product <a href="http://www.investopedia.com/terms/o/offering.asp" target="_blank">offerings</a>, <a href="http://www.investopedia.com/terms/d/distribution-network.asp" target="_blank">distribution network</a>, intellectual property and customer support.</p><p></p><p><a href="http://www.investopedia.com/terms/c/competitive_advantage.asp" target="_blank">http://www.investopedia.com/terms/c/competitive_advantage.asp</a></p><p></p><p>Really, if you don't even know what the term means, I don't know how you can discuss it rationally.</p><p></p><p></p><p>artificially ar·ti·fi·cial··ly <em>adverb</em> 1. by means of human intervention rather than naturally.</p><p></p><p>How is <em>not</em> imposing legislative or other wage standards "artificial?" If anything, <em>we're</em> the ones <em>artificially</em> distorting the market.</p><p></p><p>Words have meanings. Learn them. Use them.</p><p></p><p></p><p>It has had <em>some</em> negative effects. It has also had a lot of positive effects--chiefly, an increased standard of living across the board through the availability of all sorts of products, from consumer goods to durable goods to means of commercial and industrial production at much lower costs than if they were all manufactured at prevailing "all-American" costs. Where are your clothes made? Five'll get you ten a significant portion of your wardrobe was made abroad...and before you start telling tales about how that's your only option, I'd point out that <a href="http://store.americanapparel.net/en/" target="_blank">http://store.americanapparel.net/en/</a> has a full-line of made-in-USA clothes, from socks and underwear to shirts, pants, and shorts. Don't like that brand? Here's a list of fourteen American-made brands: <a href="http://www.thegoodtrade.com/features/american-made-clothing-brands" target="_blank">http://www.thegoodtrade.com/features/american-made-clothing-brands</a> . A few more? Sure: <a href="http://www.ibuyamericanstore.com/?module=Directory&event=View&comID=4" target="_blank">http://www.ibuyamericanstore.com/?module=Directory&event=View&comID=4</a> has a list, including <a href="http://www.allamericanclothing.com/" target="_blank">http://www.allamericanclothing.com/</a> . Go ahead, post pictures of the tags in your clothes showing us how you "take care of America first" instead of taking advantage of the lower costs. Put your money where your mouth is.</p><p></p><p>As for the "low wage and **** work environment," it's decidedly better than what a lot would have in the absence of such jobs. Think subsistence-level (or less) farming. I'm not saying it's our duty to raise them up, but trade--absent coercion--only occurs when both sides value what they're getting more than what they're giving up; otherwise, why would they make that choice? We trade because we get something out of it; they trade for the same reason, and both sides are better off for it. Such has been the case since Og first said to Thag "you give me berries, me give you meat." Yes, it means some people who have made their lives doing one thing, and are now undercut by somebody working cheaper, are going to have to adjust to that change, but change is the only constant in the universe. Nobody has a right to pick something as a career, then demand to make a living at it for forty or fifty years without adapting to the world around him.</p></blockquote><p></p>
[QUOTE="Dave70968, post: 3004990, member: 13624"] [SIZE=5][B]What is 'Competitive Advantage'[/B][/SIZE] Competitive advantages are conditions that allow a company or country to produce a good or service at a lower price or in a more desirable fashion for customers. These conditions allow the productive entity to generate more sales or superior margins than its competition. Competitive advantages are attributed to a variety of factors, including cost structure, brand, quality of product [URL='http://www.investopedia.com/terms/o/offering.asp']offerings[/URL], [URL='http://www.investopedia.com/terms/d/distribution-network.asp']distribution network[/URL], intellectual property and customer support. [URL]http://www.investopedia.com/terms/c/competitive_advantage.asp[/URL] Really, if you don't even know what the term means, I don't know how you can discuss it rationally. artificially ar·ti·fi·cial··ly [I]adverb[/I] 1. by means of human intervention rather than naturally. How is [I]not[/I] imposing legislative or other wage standards "artificial?" If anything, [I]we're[/I] the ones [I]artificially[/I] distorting the market. Words have meanings. Learn them. Use them. It has had [I]some[/I] negative effects. It has also had a lot of positive effects--chiefly, an increased standard of living across the board through the availability of all sorts of products, from consumer goods to durable goods to means of commercial and industrial production at much lower costs than if they were all manufactured at prevailing "all-American" costs. Where are your clothes made? Five'll get you ten a significant portion of your wardrobe was made abroad...and before you start telling tales about how that's your only option, I'd point out that [URL]http://store.americanapparel.net/en/[/URL] has a full-line of made-in-USA clothes, from socks and underwear to shirts, pants, and shorts. Don't like that brand? Here's a list of fourteen American-made brands: [URL]http://www.thegoodtrade.com/features/american-made-clothing-brands[/URL] . A few more? Sure: [URL]http://www.ibuyamericanstore.com/?module=Directory&event=View&comID=4[/URL] has a list, including [URL]http://www.allamericanclothing.com/[/URL] . Go ahead, post pictures of the tags in your clothes showing us how you "take care of America first" instead of taking advantage of the lower costs. Put your money where your mouth is. As for the "low wage and **** work environment," it's decidedly better than what a lot would have in the absence of such jobs. Think subsistence-level (or less) farming. I'm not saying it's our duty to raise them up, but trade--absent coercion--only occurs when both sides value what they're getting more than what they're giving up; otherwise, why would they make that choice? We trade because we get something out of it; they trade for the same reason, and both sides are better off for it. Such has been the case since Og first said to Thag "you give me berries, me give you meat." Yes, it means some people who have made their lives doing one thing, and are now undercut by somebody working cheaper, are going to have to adjust to that change, but change is the only constant in the universe. Nobody has a right to pick something as a career, then demand to make a living at it for forty or fifty years without adapting to the world around him. [/QUOTE]
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