October 28, 2004
Outsourcing and the Race to the Bottom
We tried the experiment whereby you drive down the cost of labor to nothing in the United States during the antebellum period, and that didn’t work out very well, did it?
--Thomas Jay Peckish II
Posted by foote at October 28, 2004 12:44 PM
It was during this era that the industrial revolution flowered in America. As a result, per capita income and wealth soared and life was revolutionized. For the first time in history technological advance [Eli Whitney] played a major role in economic growth and development. Couldn't we enslave a captive nation somewhere? Just curious . . .
test
why don't my comments post, for cryin' out loud?