tag:blogger.com,1999:blog-5880610.post7915255171540402301..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: Jobless prosperity?Steve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5880610.post-75814399457329100552011-01-18T03:56:09.934-05:002011-01-18T03:56:09.934-05:00If labor costs here equilibrate with those in Mexi...If labor costs here equilibrate with those in Mexico or China, why could we not have manufacturing employment in the US?steve hsuhttp://duende.uoregon.edu/noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-77205872520987992022011-01-18T03:42:13.737-05:002011-01-18T03:42:13.737-05:00Nothing at all to do with "equilibration"...Nothing at all to do with "equilibration" unless you include immigration.<br /><br />The official unemployment number (which is a joke) is already greater than the total % of the workforce in manufacturing in 2008, and equilibration can ONLY work (if immigration is excluded) on manufacturing jobs and a few "Hello my name is Raj" jobs. <br /><br />The real problem in the US andPedro_IInoreply@blogger.com