Cheap stuff is good for us! Yet, many feel the need to condemn the avalanche of low-priced goods that has engulfed us. The leading theory seems to be that low priced goods equate into lower wages. This theory, however, is overly simplistic and short-sighted. Much of the discount-ware Americans consume is made in countries such as China; countries that need jobs and economic growth. It is our increasing demand that has helped places like China grow more prosperous at phenomenal rates. According to the World Bank, the percentage of Chinese living on less than $2 a day has dropped 43% between 1990 and 2002. People across the developing world are finally gaining a foothold in the global economy and with it access to the luxuries of plumbing and electricity. In the U.S. low-prices increase consumption which increases the demand for high-paying jobs - those who design and market products. Local communities who derive much of their revenue from sales tax profit from increased consumption as well. Truth be told, having tons of cheap stuff fill our stores has brought opportunity to those who need it the most, while increasing local tax revenue and demand for high-paying jobs.
About the Author
I am a rational, creative, intelligent and, as you may have thought, liberal person with a passion for politics and the social sciences in general. I am from a progressive professional (upper middle) class background and pride myself in being someone whose actions and opinions are based on rational thought. My political ideology largely rests on three main principles. First, human beings should be as free as possible. Thus, I advocate the
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