The webcam business is another great example of why the US and EU are failing.
How many Webcam girls are based outside the first world, places like Eastern Europe, Russia, Philippines, etc?
Where are customers based?
No matter how great Apple, Microsoft or Nike are. If they ship manufacturing to the Third World they take jobs away from workers in the countries they sell to.
So asking Robbie, who earns so much and only pays 13%, to keep someone in a job so he can sell to them is common sense.
Much better to employ 100s of people on minimum wage, with no health insurance, death insurances, 401k benefits, work comp insurance. Because the frigging private run insurance companies are so frigging expensive and all those private ambulance chasing lawyers forcing the costs up.
And who cares if one of them gets sick and dies or becomes incapable of working. Lots more where he came from.
Seems Minte would prefer the system in the South with slaves or maybe Victorian England where this was the life for the workers. For the workers who could get a job with everything being automated.
And their bosses were like this.
Only one small problem. Who would he sell to?
All I hear here isn't about wealth creation. It's about making the 1% better off and the rest worse off. How this generates demand is beyond anyone to explain.
The word you're looking for is greed.
OK it's a bit hard hitting. But that might be what you guys need to face up to the truth. If you don't spread your wealth around your own country and keep exporting jobs overseas, you won't be wealthy for long.