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 didnít 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 . . . Posted by: patrick owens on December 1, 2004 09:56 AM
test why don't my comments post, for cryin' out loud? Posted by: patrick owens on December 1, 2004 10:28 AM
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