Wednesday, November 20, 2013

Quarter 2- Assignment 2: Adam Smith (Amin Rajaee)

Adam Smith (Amin Rajaee)

I believe that shifting jobs overseas to take advantage of cheap labor sources and natural resources is not the best possible solution for our economy. As I am the main proponent of the approach against government interference called laissez-faire economics, I completely disagree with the idea of shifting jobs overseas. The government will not and must not shift our jobs overseas. This would interfere with the production of wealth. Government regulations will cause our economy to become worse. A bad economy is exactly what we don't need. We will be losing jobs and people won't have the money they need to take care of their families. I have asserted that a free market, the unregulated exchange of goods and services, would help all people. It would produce more goods at lower prices, so people can afford them with the money they make from jobs in this country. Shifting these jobs overseas will create a decrease in jobs because people will refuse to move overseas. Also, this country would not have any future if we depend on other countries for our resources. With government's "hands-off" of the free operation of economy, there will be no need to shift jobs overseas. There are many other solutions for this economy like adopting the free market, increasing wages, and increasing the amount of jobs. Therefore, the idea of shifting jobs overseas to take advantage of cheap labor sources and natural resources is not the best possible solution for our economy.

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