He's right, you know

He's right, you know.

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scmp.com/news/china/diplomacy-defence/article/2063305/watch-alibabas-jack-ma-live-world-economic-forum-davos
en.wikipedia.org/wiki/List_of_countries_by_received_FDI
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The fuck is wrong with that niggas face lmao

it's not his face; it's american policy

USA BTFO

but in China, wealth is distributed most improperly too

the distribution of wealth has nothing to do with exporting jobs. Its entirely about other people doing the same work more cheaply

unless hes suggesting that we pay our workers even less I dont see what point hes trying to make

>alibaba owner that is the owner of one of the biggest slavery work forces in the world tell others about their countries.

So? He is making people his slaves but he is 100% in control

so hes critisizing the US economic strategy by saying that we should run sweatshops to compete with 3rd world countries?

East asians truly have the highest IQ

>alibaba

dont get it much.

but whether or not china makes money off it, at least i know almost all of their clothing brands suddenly turned out made in china at some point. thought it went too much.

t. Gook who is quite literally stealing American jobs

he is just saying that USA took wrong approach

yup, he keeps his workers living on a shitty salary and working 12 to 16 hours/day 7 days week schedules and absolutely no vacations whatsoever but he dares to criticize others for their strategies.

Isn't the us military the largest employer in the US?
Isn't China's some shitty mineing company

in what way? he brings up wealth inequality as the reason that we are losing jobs when the entire reason that we are losing jobs is its more economically feasible to pay a chinese programmer a median wage of $22,000 than an american programmer a median wage of $79,000

Unless hes suggesting that American workers are overpaid and that we should pay them less he has no point.

doesn't invalidate the argument

if you want to hire the panda squad for their services, they charge $100,000 a year and can only be reached through me.

You negotiate with me because I am their manager.

he had no argument in the first place

American wealth inequality isnt the reason that foreign workers are paid less than we do

>he had no argument in the first place
yeah he did. you just chose to ignore it.

>Its not that other coutnries are stealing american jobs; it is (the) US strategy - it didnt distribute the money properly
hes implying that American wealth inquality is the reason why we are losing jobs when the entire reason that we are losing jobs is because our workers are paid more than they are. If there were less of a wage gap our workers would be making even more giving companies even more of an incentive to ship jobs overseas.

Did you even read the quote or are you trolling

>hes implying that American wealth inquality is the reason why we are losing jobs
No, he's saying that inequality is America's problem, not globalization. That American companies profited hugely from globalization and made shitloads of money from it. But the American political leadership has failed the American public to distribute that wealth properly. This made it possible for a populist to blame foreigners.
This also means that protectionism won't solve the problem.

No shit the west fucked up with globalism. But now we've wised up and are starting to get patriotic and nationalistic leaders finally. China will no longer exploit our weakness

nowhere in that quote did he say anything about wealth inequality being the reason behind populism's rise. If he wanted to make that point he shouldnt have brought up job exportation as again, if our workers were paid more than they are now even more of our jobs would be "stolen". Its simple economics

>That American companies profited hugely from globalization and made shitloads of money from it. But the American political leadership has failed the American public to distribute that wealth properly
again, has no bearing behind jobs being "stolen"

>the distribution of wealth has nothing to do with exporting jobs. Its entirely about other people doing the same work more cheaply

>this is what Amerifats have been brainwashed into believing

so if the wealth was distributed properly fewer jobs would be exported?

you are retarded

>muh jerbs

>“American international companies made millions and millions of dollars from globalisation,” Ma, the founder of Alibaba, the world’s largest online retailer, told the forum in Davos. “The past 30 years, companies like IBM, Cisco and Microsoft made tonnes of money.”
>The problem, he added, lay in how the US has spent the wealth.
>“In the past 30 years, America has had 13 wars at a cost of US$14.2 trillion,” he said.
>“What if they had spent part of that money on building up their infrastructure, helping white-collar and blue-collar workers? You’re supposed to spend money on your own people.
>“It’s not that other countries steal American jobs,” said Ma, echoing criticisms made by Trump of China’s economic and trade policies. “It is your strategy – that you did not distribute the money in a proper way.”
scmp.com/news/china/diplomacy-defence/article/2063305/watch-alibabas-jack-ma-live-world-economic-forum-davos

explain to me why this is the case. How is the fact that our workers are paid less somehow translated to jobs being shipped over seas.

Jobs are exported when it makes more economic sense to do business elsewhere. When you can pay a graphic designer in India $11,000 a year for the same job that you would pay an American $57,000 a year for it simply makes sense to outsource.

Now lets say that all of our CEO's had a salary cap of 1 million a year with the remaining pay given to the workers. Now he makes maybe $60,000 a year, why is the company more likely to hire the American over the Indian now that it makes even LESS economic sense to do so?

think before you post

Is Jack Ma the most quotable chink, or is it just me.

that STILL does not explain why paying american workers more will somehow keep more jobs in the US. If US workers were paid more there would literally be more reason to ship jobs over seas. Its simple economics.

Actual billionaires are really smart

No, but the ones that lost theirs would have found new ones and not left to rot in the rust belt without any help while American corporations go from breaking one stock price record to the next and paying CEOs obscene bonuses.
If instead of wasting trillions on wars that do nothing but increase the terrorist threat and flow of refugees that money had been spent on infrastructure and education, especially for those whose jobs are most in danger (and they're far more in danger by technological progress than globalization) then things would look completely different.

en.wikipedia.org/wiki/List_of_countries_by_received_FDI

The US is the most invested in country in the world. I can't believe that people actually think the rest of the world somehow isn't paying us back for what we do.

was that supposed to be a profound quote? Making a grossly incorrect cause and effect statement while offering no reasoning behind it?

i want to agree what the german poster and jackie ma said is right by giving my own opinion but the american just won't validate/accept it as a fact.
p.s. you're wasting your time arguing with them

None of what you said has anything to do with why jobs are being exported due to inequality.

I understand that hes trying to say that foreign countries are being used as a scapegoat for American problems but to explain this the way hes trying to makes zero sense. Inequality is -not- the reason why we are losing jobs

There are "workers" who are paid vastly more and whose jobs stay in the US. They're in businesses of the future like IT. Other jobs simply fall away due to technology and there's nothing you can do to get them back. Structural change is unavoidable.

The loom operators of 19th century England who became unemployed had better learned how to operate all those fancy new machinery instead of becoming luddites and blaming Germany for "stealin er jerbs". And their government may actually have helped them with that a great deal since, yes, England was a great profiteer of the first globalization.

I've seen him quoted in the past, mostly on Sup Forums, and he is right.
USA is a very rich country, incredibly rich, the richest. The fact your people feel poor isn't caused by wealth leaving USA, it's caused by it being concentrated in the hand of the rich through the corruption of democracy and monopolies.
You're wealth is drained in-country, not to China.

No, it has nothing to do with the job loss here which has to do with cost of living and cost of manufacturing and cost material

Basically it is much cheaper to make stuff overseas with everything done overseas

As all countries China also engage in price manipulation of essential resources so they get the upper hand in manufacturing like raw earth materials

Redistribution is very low on the list of causes
the only thing it might do is increase the number of graduates in related fields which would flood the labor market with surplus and drive them overseas anyway like europe
so no he isn't right, he is wrong and very wrong
no amount of redistribution can have americans make iphones for $2 an hour

>why jobs are being exported due to inequality.
they aren't

>Inequality is -not- the reason why we are losing jobs
No and neither is globalization. America losing jobs is due to America not adapting to inevitable change but instead blaming foreigners.

Your wealthy hog money instead of investing it back into the country.

In Finland our corporations pay taxes at the same rate as America yet we invest all our money back into the country which enables free education, low cost top quality universal healthcare, free money for losers and unemployed which means we have virtually no crime because we have no poor or homeless.

>There are "workers" who are paid vastly more and whose jobs stay in the US.
yes, highly skilled positions generally stay int he US because its more important to micromanage and to reduce the relay effect associated with outsourcing. This is not the case with low level code monkey work which is being outsourced because it makes economic sense to do so which again is -not- caused by wealth inequality.

>The fact your people feel poor isn't caused by wealth leaving USA. You're wealth is drained in-country, not to China.
I agree with this but that wasnt the point of the thread. The original quote was
>Its not that other coutnries are stealing american jobs; it is (the) US strategy - it didnt distribute the money properly
which is pants on head retarded out of context. There are ways to critique the us economic strategy without saying something so stupid.

>they arnt
which is what ive been saying this entire time. The quote in the OP is all that we have been going off of.

It would be much more productive to say "Inequality is the reason for American Unrest, not foreign countries" instead of bringing up the big about jobs. In a more equal society more jobs -would- be shipped over seas but thats not to say that people would be happier than they are now.

would not be happier*

more movement of goalposts. This thread is about Jobs and inequality. I agree with most of what you are saying but that doesnt make

>the distribution of wealth has nothing to do with exporting jobs. Its entirely about other people doing the same work more cheaply
incorrect in any way

>yes, highly skilled positions generally stay int he US because its more important to micromanage and to reduce the relay effect associated with outsourcing. This is not the case with low level code monkey work which is being outsourced because it makes economic sense to do so which again is -not- caused by wealth inequality.
No is is not CAUSED by inequality. But inequality is the most visible symptom and consequence of the real cause: letting everyone in your country fend for himself jungle style. There wouldn't be that inequality had America prepared for the change and enabled those who predictably fell behind the development to do better in the new environment, which is above all a result of technological progress rather than globalization. But for that it would require redistribution of wealth. Wealth that was created by globalization and was allowed to be accumulated to obscene amounts in a few hands instead of putting it to use to prevent that inequality from coming into existence in the first place.

So what are we supposed to do?
Free trade leads to lowering wages and loss of employment
Trade protection leads to war

>anal rectum no more: the thread

you are trying to argue points that im not even talking about. I agree with your sentiment that americans are pointing their anger at the wrong entities but that isnt the point of this thread.

>Its not that other coutnries are stealing american jobs; it is (the) US strategy - it didnt distribute the money properly
is talking specifically about exporting jobs and is conflating that with wealth inequality which even you agreed is not the case. I understand and even agree with most points you are trying to make but any discussion outside of the cause/effect relationship between inequality and exporting jobs is moving the goalposts.

so we should abolish our minimum wage and workers right laws to better compete with chinks? The chinese sure are weird

The best way to distribute wealth is to have a lot of good paying job.

all me

this looks funny