World population is now half middle class or richer

There are 3.7 billion people in the global middle class ($11-110 per day in PPP). This is 48% of the world’s population. An additional 190 million (2.5%) are richer than global middle class. The world population is 7.65 billion. The wealthy and the middle class are 3.9 billion today. World population will reach 8.5 billion in 2030.

The global middle class and the world population in general is dominated by Asia. Asia currently has 4.5 billion people and there will be 4.92 billion people in Asia in 2030.

The U.S. dominates the global rich. In 2016, rich households in the U.S. made up 61 percent of the global number, and they spend almost two-thirds of total consumption by rich households. This dominance is likely to persist. Even with a growing number of rich households in other countries, the U.S. should still account for over 50 percent of rich household spending by 2030.

There are 1.75 billion global middle class in Asia today and there will be 3.5 billion global middle class in Asia in 2030. Asia will go from having 39% of its population as global middle class today to 71% of the Asian population will be global middle class in 2030.

Asia will soon be 50% of the total global middle class and by 2030 will be 65% of the global middle class population.

135 thoughts on “World population is now half middle class or richer”

  1. There are many Filipinos that work in the Middle East and in America that send money home to their families. This is also true of other countries.

    Reply
  2. Economy is not a zero sum game. Whatever immigrants lawfully earn is distributed in their country of residence as well, in the form of taxes and living expenses. Besides the more money moves around, the more the others will have to buy your stuff and make you richer. Also the richer the poor become, the less incentive they will have to come (except as tourists).

    Reply
  3. And any rational person can see that this needs to end A Filipino barber or line cook doesn’t produce more when he moves from the Phillipines to the US His wages increase because he is transferring wealth from a wealthier country by cutting the hair of wealthier people and cooking for wealthier people in a wealthier country. And whatever little he sends back becomes a fortune thru exchange rates. Instead of cycling the money back into the US that money now goes to the Phillipines and cycles there instead. The main effect of importing 3rd world labor is that poorer countries are siphoning our wealth, while putting Americans out of work.

    Reply
  4. God bless the CCP, the CCP has been the worlds only competent government in the past 20 years and will be responsible for uplifting China, Africa and South America

    Reply
  5. Economy is not a zero sum game. Whatever immigrants lawfully earn is distributed in their country of residence as well in the form of taxes and living expenses. Besides the more money moves around the more the others will have to buy your stuff and make you richer. Also the richer the poor become the less incentive they will have to come (except as tourists).

    Reply
  6. And any rational person can see that this needs to endA Filipino barber or line cook doesn’t produce more when he moves from the Phillipines to the US His wages increase because he is transferring wealth from a wealthier country by cutting the hair of wealthier people and cooking for wealthier people in a wealthier country. And whatever little he sends back becomes a fortune thru exchange rates. Instead of cycling the money back into the US that money now goes to the Phillipines and cycles there instead. The main effect of importing 3rd world labor is that poorer countries are siphoning our wealth while putting Americans out of work.

    Reply
  7. God bless the CCP the CCP has been the worlds only competent government in the past 20 years and will be responsible for uplifting China Africa and South America

    Reply
  8. There are many Filipinos that work in the Middle East and in America that send money home to their families. This is also true of other countries.

    Reply
  9. Given that the U.S. unemployment rate is about 4%, and has been under 6% for 4 years, importing labor doesn’t seem to be too dire a threat. One can argue the economy grows when poorer people have more money, since they by necessity will spend it, keeping it in circulation. Rich people however, will keep a portion tied up in real estate, bullion and art, where it is sequestered from the economy. The concept of the Marshall Plan after WWII was to essentially give money to Europe to rebuild after the extreme devastation there. This helped lift the economy for everybody, and the U.S. had a booming economy all thru the 1950’s, despite giving away over $12 billion in 1950 dollars.

    Reply
  10. Given that the U.S. unemployment rate is about 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} and has been under 6{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} for 4 years importing labor doesn’t seem to be too dire a threat.One can argue the economy grows when poorer people have more money since they by necessity will spend it keeping it in circulation. Rich people however will keep a portion tied up in real estate bullion and art where it is sequestered from the economy.The concept of the Marshall Plan after WWII was to essentially give money to Europe to rebuild after the extreme devastation there. This helped lift the economy for everybody and the U.S. had a booming economy all thru the 1950’s despite giving away over $12 billion in 1950 dollars.

    Reply
  11. Your first statement is simply not true. A barber provides value by removing the time it takes to cut hair, and by eliminating the personal marketing cost of a bad haircut. If his customers’ time and image are worth more, so is his time. Following your assertion to its logical conclusion would mean all service jobs would disappear as a society achieves moderate standard of living; in reality the opposite is true because customers’ time becomes too valuable. Skill services like cooking and barbering, which require a learning curve and some capital investment, become proportionally more valuable as a society becomes richer.

    Reply
  12. Your first statement is simply not true. A barber provides value by removing the time it takes to cut hair and by eliminating the personal marketing cost of a bad haircut. If his customers’ time and image are worth more so is his time. Following your assertion to its logical conclusion would mean all service jobs would disappear as a society achieves moderate standard of living; in reality the opposite is true because customers’ time becomes too valuable. Skill services like cooking and barbering which require a learning curve and some capital investment become proportionally more valuable as a society becomes richer.

    Reply
  13. Except we have minimum wage, in a fair world a somali chef would make no more working in Somalia than he would make in the US. He would move to the US, live in a hut and piss in a hole and work for pennies while living in the US This is because the true economic value of a chef is pennies. In a ideal world we would deport low skill service workers, replace them with Somalis willing to work for pennies and piss in a hole There would be no minimum wage, no borders If the somali wants more money he gets replaced by another desperate somali willing to work for 50 cents a day. So where is this excess value coming from? the somali is not magically cooking more food or better food when he comes to the US. The extra value comes from siphoning off other workers with higher wages and higher skills via minimum wage laws and immigration laws. The somali steals value by getting free infrastructure like plumbing, electricity etc.. that his ancestors did not build This is value transference On the other hand for jobs that are truly free market that can cross borders and already pay well above minimum wage, like for quality programmers (I’m talking google level programmers) they make the same whether they live in China or the US or Somalia. A quality programmer could easily move to Somalia, and get programming contracts for specific programming problems and make as much had he lived in the US

    Reply
  14. As a taxpayer you will pay more taxes to pay for the unemployed American who had his job taken by a Filipino barber willing to work for a pittance since it is a fortune in his home country. This means you pay higher taxes, while the business owner benefits, the Filipino benefits and the unemployed American gets hurt. There is in addition a net economic negative for the US and a Net positive for the Phillipines. Net economic negative for the American taxpayer and unemployed, Net positive for immigrant and business owner

    Reply
  15. Unemployment rate is 4%, but the number is meaningless since it only includes people who are actively looking for work. And lumps in seasonal work like census workers who only work for a month. The key metric to look at is Employment population ratio which is the total number of jobs divided by total number of working age people We have around 129 million full time workers, 325 million people and a working population of 243 million. What if we eliminate people enrolled in college? We currently have 20 million per year in college. So working population = 223 million. Lets take out the children too from 16-18 that’s another 20 million. 203 working population But wait this 203-129 million could equal housewives and disabled people But we can look at previous years google “Employment population ratio us” In 1970’s the ratio was around 70%, which means that 70% of the working population had jobs. In 2013 this number fell to 67% and in 2018 this number fell to 60% So yes by importing labor we are indeed sending more americans to the welfare rolls.

    Reply
  16. Except we have minimum wage in a fair world a somali chef would make no more working in Somalia than he would make in the US. He would move to the US live in a hut and piss in a hole and work for pennies while living in the US This is because the true economic value of a chef is pennies. In a ideal world we would deport low skill service workers replace them with Somalis willing to work for pennies and piss in a hole There would be no minimum wage no bordersIf the somali wants more money he gets replaced by another desperate somali willing to work for 50 cents a day. So where is this excess value coming from? the somali is not magically cooking more food or better food when he comes to the US. The extra value comes from siphoning off other workers with higher wages and higher skills via minimum wage laws and immigration laws. The somali steals value by getting free infrastructure like plumbing electricity etc.. that his ancestors did not build This is value transference On the other hand for jobs that are truly free market that can cross borders and already pay well above minimum wage like for quality programmers (I’m talking google level programmers) they make the same whether they live in China or the US or Somalia. A quality programmer could easily move to Somalia and get programming contracts for specific programming problems and make as much had he lived in the US

    Reply
  17. As a taxpayer you will pay more taxes to pay for the unemployed American who had his job taken by a Filipino barber willing to work for a pittance since it is a fortune in his home country. This means you pay higher taxes while the business owner benefits the Filipino benefits and the unemployed American gets hurt. There is in addition a net economic negative for the US and a Net positive for the Phillipines. Net economic negative for the American taxpayer and unemployed Net positive for immigrant and business owner

    Reply
  18. Unemployment rate is 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} but the number is meaningless since it only includes people who are actively looking for work. And lumps in seasonal work like census workers who only work for a month. The key metric to look at is Employment population ratio which is the total number of jobs divided by total number of working age peopleWe have around 129 million full time workers 325 million people and a working population of 243 million.What if we eliminate people enrolled in college? We currently have 20 million per year in college.So working population = 223 million. Lets take out the children too from 16-18 that’s another 20 million. 203 working population But wait this 203-129 million could equal housewives and disabled peopleBut we can look at previous yearsgoogle Employment population ratio us”” In 1970’s the ratio was around 70{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}”””” which means that 70{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of the working population had jobs. In 2013 this number fell to 67{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} and in 2018 this number fell to 60{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}So yes by importing labor we are indeed sending more americans to the welfare rolls.”””

    Reply
  19. Same here! We keep the family (the entire family…not just her parents) afloat. Just bought the eldest niece a cell phone (why? because my wife said she needed it) and now all three others are jelous and want one of their own.

    Reply
  20. God bless the drug trade. The drug trade made it possible for you to be on the crack high that were on when you wrote that comment.

    Reply
  21. Somali immigrant makes more because of Baumol’s Cost Disease. This is the same cause as to why first world symphony performers make more than their third world counterparts despite the fact that heir productivity is the pretty much the same. bit.ly/2xdbqqH

    Reply
  22. A barber provides value by removing the time it takes to cut hair” and by eliminating the personal marketing cost of a bad haircut.””Pisa never disputed that. Thing about the Philippines is that the cost of manufactured goods are higher than local service labor vs the opposite in the US.Like laundry washing machines. Cheaper to hire a maid in the Phils to wash your clothes by hand for a year than to buy a laundry washing machine to do it. This is something foreigners do not get until they’ve been to the Phils for a while/often.”””

    Reply
  23. Same here! We keep the family (the entire family…not just her parents) afloat. Just bought the eldest niece a cell phone (why? because my wife said she needed it) and now all three others are jelous and want one of their own.

    Reply
  24. God bless the drug trade. The drug trade made it possible for you to be on the crack high that were on when you wrote that comment.

    Reply
  25. The US had a booming economy thru the 1950s because all of its industrial competitors were bombed out rubble during that time. Marshall Plan (and its Japanese equiv) was directed at two things: infrastructure and core productive output industries to kickstart the recovery. Most of it’s value wasn’t even in money but rather technical knowledge transfer, as the US was the China of that time when it came to manufacturing tech. This is how the Japanese came to learn if Deming’s methods and followed them religiously. By the 1960s, Europe & Japane had mostly recovered and competition from them was starting to kick our butts.

    Reply
  26. Somali immigrant makes more because of Baumol’s Cost Disease. This is the same cause as to why first world symphony performers make more than their third world counterparts despite the fact that heir productivity is the pretty much the same. bit.ly/2xdbqqH

    Reply
  27. A barber provides value by removing the time it takes to cut hair, and by eliminating the personal marketing cost of a bad haircut.” Pisa never disputed that. Thing about the Philippines is that the cost of manufactured goods are higher than local service labor vs the opposite in the US. Like laundry washing machines. Cheaper to hire a maid in the Phils to wash your clothes by hand for a year than to buy a laundry washing machine to do it. This is something foreigners do not get until they’ve been to the Phils for a while/often.

    Reply
  28. The US had a booming economy thru the 1950s because all of its industrial competitors were bombed out rubble during that time. Marshall Plan (and its Japanese equiv) was directed at two things: infrastructure and core productive output industries to kickstart the recovery. Most of it’s value wasn’t even in money but rather technical knowledge transfer as the US was the China of that time when it came to manufacturing tech. This is how the Japanese came to learn if Deming’s methods and followed them religiously.By the 1960s Europe & Japane had mostly recovered and competition from them was starting to kick our butts.

    Reply
  29. They are willing to work for less and work in worse conditions compared to their peers in the same profession. Certain professions that require credentials the Filipino’s can bypass by doing their education in another country. And get high wages despite sub 90 IQ Getting a nursing degree is far easier in the Phillipines when you are competing with other 80IQ dullards, the government in particular works hand in hand to give nursing degrees to as many dullards as possible to send to other countries so they can collect remittances.

    Reply
  30. They make more and their quality of life improves because we can’t deny them infrastructure by forcing them to live in mud huts nor can we pay them 10 cents an hour. Baumol’s cost disease on the other hand is a economic fallacy, that dictates that the Somali chef needs to be paid more because otherwise he would become a highly paid doctor or engineer instead and that if wages for chef’s weren’t sufficient we would have no chefs. But any idiot with two braincells to rub together can see that the Somali immigrant makes more simply because the government prevents hut living, and limits the number of somali immigrants thus artificially constricting the labor market allowing them to bargain for higher wages. Just because some clown has a PHD and wrote a book does not mean he is right. Baumol like other libtard economists has no understanding of the massive cognition gap between certain groups of humans

    Reply
  31. They are willing to work for less and work in worse conditions compared to their peers in the same profession. Certain professions that require credentials the Filipino’s can bypass by doing their education in another country. And get high wages despite sub 90 IQGetting a nursing degree is far easier in the Phillipines when you are competing with other 80IQ dullards the government in particular works hand in hand to give nursing degrees to as many dullards as possible to send to other countries so they can collect remittances.

    Reply
  32. They make more and their quality of life improves because we can’t deny them infrastructure by forcing them to live in mud huts nor can we pay them 10 cents an hour. Baumol’s cost disease on the other hand is a economic fallacy that dictates that the Somali chef needs to be paid more because otherwise he would become a highly paid doctor or engineer instead and that if wages for chef’s weren’t sufficient we would have no chefs.But any idiot with two braincells to rub together can see that the Somali immigrant makes more simply because the government prevents hut living and limits the number of somali immigrants thus artificially constricting the labor market allowing them to bargain for higher wages. Just because some clown has a PHD and wrote a book does not mean he is right. Baumol like other libtard economists has no understanding of the massive cognition gap between certain groups of humans

    Reply
  33. Baumol’s cost disease on the other hand is a economic fallacy, that dictates that the Somali chef needs to be paid more because otherwise he would become a highly paid doctor or engineer instead and that if wages for chef’s weren’t sufficient we would have no chefs.” You don’t understand Baumol’s Cost Disease then.

    Reply
  34. Baumol’s cost disease on the other hand is a economic fallacy” that dictates that the Somali chef needs to be paid more because otherwise he would become a highly paid doctor or engineer instead and that if wages for chef’s weren’t sufficient we would have no chefs.””You don’t understand Baumol’s Cost Disease then.”””

    Reply
  35. The lucky ones are few and far between. The young lady I know did not totally hate her years in Saudi Arabia. It gave her an opportunity to help herself and her family. And because of it she is doing quite well now.

    Reply
  36. The lucky ones are few and far between. The young lady I know did not totally hate her years in Saudi Arabia. It gave her an opportunity to help herself and her family. And because of it she is doing quite well now.

    Reply
  37. This is the exact definition, In fact Baumol came up with his theory when looking at musicians and managers. He noticed that their wages increased despite not being any more productive decades ago His theory specifically says that services like musicians and managers go up, because other workers in other professions are increasing in productivity. Thus their wages need to increase as well to be sufficient enough to prevent them from changing to the more productive profession. His theory then follows that services like education and healthcare, etc…. will always increase in cost without increasing in productivity as long as productivity in other fields are increasing The person that doesn’t understand cost disease is you.

    Reply
  38. This is the exact definition In fact Baumol came up with his theory when looking at musicians and managers. He noticed that their wages increased despite not being any more productive decades ago His theory specifically says that services like musicians and managers go up because other workers in other professions are increasing in productivity. Thus their wages need to increase as well to be sufficient enough to prevent them from changing to the more productive profession. His theory then follows that services like education and healthcare etc…. will always increase in cost without increasing in productivity as long as productivity in other fields are increasing The person that doesn’t understand cost disease is you.

    Reply
  39. This is the exact definition, In fact Baumol came up with his theory when looking at musicians and managers. He noticed that their wages increased despite not being any more productive decades ago His theory specifically says that services like musicians and managers go up, because other workers in other professions are increasing in productivity. Thus their wages need to increase as well to be sufficient enough to prevent them from changing to the more productive profession. His theory then follows that services like education and healthcare, etc…. will always increase in cost without increasing in productivity as long as productivity in other fields are increasing The person that doesn’t understand cost disease is you.

    Reply
  40. This is the exact definition In fact Baumol came up with his theory when looking at musicians and managers. He noticed that their wages increased despite not being any more productive decades ago His theory specifically says that services like musicians and managers go up because other workers in other professions are increasing in productivity. Thus their wages need to increase as well to be sufficient enough to prevent them from changing to the more productive profession. His theory then follows that services like education and healthcare etc…. will always increase in cost without increasing in productivity as long as productivity in other fields are increasing The person that doesn’t understand cost disease is you.

    Reply
  41. The lucky ones are few and far between. The young lady I know did not totally hate her years in Saudi Arabia. It gave her an opportunity to help herself and her family. And because of it she is doing quite well now.

    Reply
  42. The lucky ones are few and far between. The young lady I know did not totally hate her years in Saudi Arabia. It gave her an opportunity to help herself and her family. And because of it she is doing quite well now.

    Reply
  43. Baumol’s cost disease on the other hand is a economic fallacy, that dictates that the Somali chef needs to be paid more because otherwise he would become a highly paid doctor or engineer instead and that if wages for chef’s weren’t sufficient we would have no chefs.” You don’t understand Baumol’s Cost Disease then.

    Reply
  44. Baumol’s cost disease on the other hand is a economic fallacy” that dictates that the Somali chef needs to be paid more because otherwise he would become a highly paid doctor or engineer instead and that if wages for chef’s weren’t sufficient we would have no chefs.””You don’t understand Baumol’s Cost Disease then.”””

    Reply
  45. They are willing to work for less and work in worse conditions compared to their peers in the same profession. Certain professions that require credentials the Filipino’s can bypass by doing their education in another country. And get high wages despite sub 90 IQ Getting a nursing degree is far easier in the Phillipines when you are competing with other 80IQ dullards, the government in particular works hand in hand to give nursing degrees to as many dullards as possible to send to other countries so they can collect remittances.

    Reply
  46. They are willing to work for less and work in worse conditions compared to their peers in the same profession. Certain professions that require credentials the Filipino’s can bypass by doing their education in another country. And get high wages despite sub 90 IQGetting a nursing degree is far easier in the Phillipines when you are competing with other 80IQ dullards the government in particular works hand in hand to give nursing degrees to as many dullards as possible to send to other countries so they can collect remittances.

    Reply
  47. They make more and their quality of life improves because we can’t deny them infrastructure by forcing them to live in mud huts nor can we pay them 10 cents an hour. Baumol’s cost disease on the other hand is a economic fallacy, that dictates that the Somali chef needs to be paid more because otherwise he would become a highly paid doctor or engineer instead and that if wages for chef’s weren’t sufficient we would have no chefs. But any idiot with two braincells to rub together can see that the Somali immigrant makes more simply because the government prevents hut living, and limits the number of somali immigrants thus artificially constricting the labor market allowing them to bargain for higher wages. Just because some clown has a PHD and wrote a book does not mean he is right. Baumol like other libtard economists has no understanding of the massive cognition gap between certain groups of humans

    Reply
  48. They make more and their quality of life improves because we can’t deny them infrastructure by forcing them to live in mud huts nor can we pay them 10 cents an hour. Baumol’s cost disease on the other hand is a economic fallacy that dictates that the Somali chef needs to be paid more because otherwise he would become a highly paid doctor or engineer instead and that if wages for chef’s weren’t sufficient we would have no chefs.But any idiot with two braincells to rub together can see that the Somali immigrant makes more simply because the government prevents hut living and limits the number of somali immigrants thus artificially constricting the labor market allowing them to bargain for higher wages. Just because some clown has a PHD and wrote a book does not mean he is right. Baumol like other libtard economists has no understanding of the massive cognition gap between certain groups of humans

    Reply
  49. This is the exact definition, In fact Baumol came up with his theory when looking at musicians and managers.

    He noticed that their wages increased despite not being any more productive decades ago

    His theory specifically says that services like musicians and managers go up, because other workers in other professions are increasing in productivity. Thus their wages need to increase as well to be sufficient enough to prevent them from changing to the more productive profession.

    His theory then follows that services like education and healthcare, etc…. will always increase in cost without increasing in productivity as long as productivity in other fields are increasing

    The person that doesn’t understand cost disease is you.

    Reply
  50. The lucky ones are few and far between. The young lady I know did not totally hate her years in Saudi Arabia. It gave her an opportunity to help herself and her family. And because of it she is doing quite well now.

    Reply
  51. “Baumol’s cost disease on the other hand is a economic fallacy, that dictates that the Somali chef needs to be paid more because otherwise he would become a highly paid doctor or engineer instead and that if wages for chef’s weren’t sufficient we would have no chefs.”

    You don’t understand Baumol’s Cost Disease then.

    Reply
  52. They are willing to work for less and work in worse conditions compared to their peers in the same profession.

    Certain professions that require credentials the Filipino’s can bypass by doing their education in another country. And get high wages despite sub 90 IQ

    Getting a nursing degree is far easier in the Phillipines when you are competing with other 80IQ dullards, the government in particular works hand in hand to give nursing degrees to as many dullards as possible to send to other countries so they can collect remittances.

    Reply
  53. They make more and their quality of life improves because we can’t deny them infrastructure by forcing them to live in mud huts nor can we pay them 10 cents an hour.

    Baumol’s cost disease on the other hand is a economic fallacy, that dictates that the Somali chef needs to be paid more because otherwise he would become a highly paid doctor or engineer instead and that if wages for chef’s weren’t sufficient we would have no chefs.

    But any idiot with two braincells to rub together can see that the Somali immigrant makes more simply because the government prevents hut living, and limits the number of somali immigrants thus artificially constricting the labor market allowing them to bargain for higher wages.

    Just because some clown has a PHD and wrote a book does not mean he is right.

    Baumol like other libtard economists has no understanding of the massive cognition gap between certain groups of humans

    Reply
  54. The US had a booming economy thru the 1950s because all of its industrial competitors were bombed out rubble during that time. Marshall Plan (and its Japanese equiv) was directed at two things: infrastructure and core productive output industries to kickstart the recovery. Most of it’s value wasn’t even in money but rather technical knowledge transfer, as the US was the China of that time when it came to manufacturing tech. This is how the Japanese came to learn if Deming’s methods and followed them religiously. By the 1960s, Europe & Japane had mostly recovered and competition from them was starting to kick our butts.

    Reply
  55. The US had a booming economy thru the 1950s because all of its industrial competitors were bombed out rubble during that time. Marshall Plan (and its Japanese equiv) was directed at two things: infrastructure and core productive output industries to kickstart the recovery. Most of it’s value wasn’t even in money but rather technical knowledge transfer as the US was the China of that time when it came to manufacturing tech. This is how the Japanese came to learn if Deming’s methods and followed them religiously.By the 1960s Europe & Japane had mostly recovered and competition from them was starting to kick our butts.

    Reply
  56. Somali immigrant makes more because of Baumol’s Cost Disease. This is the same cause as to why first world symphony performers make more than their third world counterparts despite the fact that heir productivity is the pretty much the same. bit.ly/2xdbqqH

    Reply
  57. Somali immigrant makes more because of Baumol’s Cost Disease. This is the same cause as to why first world symphony performers make more than their third world counterparts despite the fact that heir productivity is the pretty much the same. bit.ly/2xdbqqH

    Reply
  58. A barber provides value by removing the time it takes to cut hair, and by eliminating the personal marketing cost of a bad haircut.” Pisa never disputed that. Thing about the Philippines is that the cost of manufactured goods are higher than local service labor vs the opposite in the US. Like laundry washing machines. Cheaper to hire a maid in the Phils to wash your clothes by hand for a year than to buy a laundry washing machine to do it. This is something foreigners do not get until they’ve been to the Phils for a while/often.

    Reply
  59. A barber provides value by removing the time it takes to cut hair” and by eliminating the personal marketing cost of a bad haircut.””Pisa never disputed that. Thing about the Philippines is that the cost of manufactured goods are higher than local service labor vs the opposite in the US.Like laundry washing machines. Cheaper to hire a maid in the Phils to wash your clothes by hand for a year than to buy a laundry washing machine to do it. This is something foreigners do not get until they’ve been to the Phils for a while/often.”””

    Reply
  60. Same here! We keep the family (the entire family…not just her parents) afloat. Just bought the eldest niece a cell phone (why? because my wife said she needed it) and now all three others are jelous and want one of their own.

    Reply
  61. Same here! We keep the family (the entire family…not just her parents) afloat. Just bought the eldest niece a cell phone (why? because my wife said she needed it) and now all three others are jelous and want one of their own.

    Reply
  62. God bless the drug trade. The drug trade made it possible for you to be on the crack high that were on when you wrote that comment.

    Reply
  63. God bless the drug trade. The drug trade made it possible for you to be on the crack high that were on when you wrote that comment.

    Reply
  64. Except we have minimum wage, in a fair world a somali chef would make no more working in Somalia than he would make in the US. He would move to the US, live in a hut and piss in a hole and work for pennies while living in the US This is because the true economic value of a chef is pennies. In a ideal world we would deport low skill service workers, replace them with Somalis willing to work for pennies and piss in a hole There would be no minimum wage, no borders If the somali wants more money he gets replaced by another desperate somali willing to work for 50 cents a day. So where is this excess value coming from? the somali is not magically cooking more food or better food when he comes to the US. The extra value comes from siphoning off other workers with higher wages and higher skills via minimum wage laws and immigration laws. The somali steals value by getting free infrastructure like plumbing, electricity etc.. that his ancestors did not build This is value transference On the other hand for jobs that are truly free market that can cross borders and already pay well above minimum wage, like for quality programmers (I’m talking google level programmers) they make the same whether they live in China or the US or Somalia. A quality programmer could easily move to Somalia, and get programming contracts for specific programming problems and make as much had he lived in the US

    Reply
  65. Except we have minimum wage in a fair world a somali chef would make no more working in Somalia than he would make in the US. He would move to the US live in a hut and piss in a hole and work for pennies while living in the US This is because the true economic value of a chef is pennies. In a ideal world we would deport low skill service workers replace them with Somalis willing to work for pennies and piss in a hole There would be no minimum wage no bordersIf the somali wants more money he gets replaced by another desperate somali willing to work for 50 cents a day. So where is this excess value coming from? the somali is not magically cooking more food or better food when he comes to the US. The extra value comes from siphoning off other workers with higher wages and higher skills via minimum wage laws and immigration laws. The somali steals value by getting free infrastructure like plumbing electricity etc.. that his ancestors did not build This is value transference On the other hand for jobs that are truly free market that can cross borders and already pay well above minimum wage like for quality programmers (I’m talking google level programmers) they make the same whether they live in China or the US or Somalia. A quality programmer could easily move to Somalia and get programming contracts for specific programming problems and make as much had he lived in the US

    Reply
  66. As a taxpayer you will pay more taxes to pay for the unemployed American who had his job taken by a Filipino barber willing to work for a pittance since it is a fortune in his home country. This means you pay higher taxes, while the business owner benefits, the Filipino benefits and the unemployed American gets hurt. There is in addition a net economic negative for the US and a Net positive for the Phillipines. Net economic negative for the American taxpayer and unemployed, Net positive for immigrant and business owner

    Reply
  67. As a taxpayer you will pay more taxes to pay for the unemployed American who had his job taken by a Filipino barber willing to work for a pittance since it is a fortune in his home country. This means you pay higher taxes while the business owner benefits the Filipino benefits and the unemployed American gets hurt. There is in addition a net economic negative for the US and a Net positive for the Phillipines. Net economic negative for the American taxpayer and unemployed Net positive for immigrant and business owner

    Reply
  68. Unemployment rate is 4%, but the number is meaningless since it only includes people who are actively looking for work. And lumps in seasonal work like census workers who only work for a month. The key metric to look at is Employment population ratio which is the total number of jobs divided by total number of working age people We have around 129 million full time workers, 325 million people and a working population of 243 million. What if we eliminate people enrolled in college? We currently have 20 million per year in college. So working population = 223 million. Lets take out the children too from 16-18 that’s another 20 million. 203 working population But wait this 203-129 million could equal housewives and disabled people But we can look at previous years google “Employment population ratio us” In 1970’s the ratio was around 70%, which means that 70% of the working population had jobs. In 2013 this number fell to 67% and in 2018 this number fell to 60% So yes by importing labor we are indeed sending more americans to the welfare rolls.

    Reply
  69. Unemployment rate is 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} but the number is meaningless since it only includes people who are actively looking for work. And lumps in seasonal work like census workers who only work for a month. The key metric to look at is Employment population ratio which is the total number of jobs divided by total number of working age peopleWe have around 129 million full time workers 325 million people and a working population of 243 million.What if we eliminate people enrolled in college? We currently have 20 million per year in college.So working population = 223 million. Lets take out the children too from 16-18 that’s another 20 million. 203 working population But wait this 203-129 million could equal housewives and disabled peopleBut we can look at previous yearsgoogle Employment population ratio us”” In 1970’s the ratio was around 70{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}”””” which means that 70{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of the working population had jobs. In 2013 this number fell to 67{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} and in 2018 this number fell to 60{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}So yes by importing labor we are indeed sending more americans to the welfare rolls.”””

    Reply
  70. Your first statement is simply not true. A barber provides value by removing the time it takes to cut hair, and by eliminating the personal marketing cost of a bad haircut. If his customers’ time and image are worth more, so is his time. Following your assertion to its logical conclusion would mean all service jobs would disappear as a society achieves moderate standard of living; in reality the opposite is true because customers’ time becomes too valuable. Skill services like cooking and barbering, which require a learning curve and some capital investment, become proportionally more valuable as a society becomes richer.

    Reply
  71. Your first statement is simply not true. A barber provides value by removing the time it takes to cut hair and by eliminating the personal marketing cost of a bad haircut. If his customers’ time and image are worth more so is his time. Following your assertion to its logical conclusion would mean all service jobs would disappear as a society achieves moderate standard of living; in reality the opposite is true because customers’ time becomes too valuable. Skill services like cooking and barbering which require a learning curve and some capital investment become proportionally more valuable as a society becomes richer.

    Reply
  72. Given that the U.S. unemployment rate is about 4%, and has been under 6% for 4 years, importing labor doesn’t seem to be too dire a threat. One can argue the economy grows when poorer people have more money, since they by necessity will spend it, keeping it in circulation. Rich people however, will keep a portion tied up in real estate, bullion and art, where it is sequestered from the economy. The concept of the Marshall Plan after WWII was to essentially give money to Europe to rebuild after the extreme devastation there. This helped lift the economy for everybody, and the U.S. had a booming economy all thru the 1950’s, despite giving away over $12 billion in 1950 dollars.

    Reply
  73. Given that the U.S. unemployment rate is about 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} and has been under 6{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} for 4 years importing labor doesn’t seem to be too dire a threat.One can argue the economy grows when poorer people have more money since they by necessity will spend it keeping it in circulation. Rich people however will keep a portion tied up in real estate bullion and art where it is sequestered from the economy.The concept of the Marshall Plan after WWII was to essentially give money to Europe to rebuild after the extreme devastation there. This helped lift the economy for everybody and the U.S. had a booming economy all thru the 1950’s despite giving away over $12 billion in 1950 dollars.

    Reply
  74. Economy is not a zero sum game. Whatever immigrants lawfully earn is distributed in their country of residence as well, in the form of taxes and living expenses. Besides the more money moves around, the more the others will have to buy your stuff and make you richer. Also the richer the poor become, the less incentive they will have to come (except as tourists).

    Reply
  75. Economy is not a zero sum game. Whatever immigrants lawfully earn is distributed in their country of residence as well in the form of taxes and living expenses. Besides the more money moves around the more the others will have to buy your stuff and make you richer. Also the richer the poor become the less incentive they will have to come (except as tourists).

    Reply
  76. And any rational person can see that this needs to end A Filipino barber or line cook doesn’t produce more when he moves from the Phillipines to the US His wages increase because he is transferring wealth from a wealthier country by cutting the hair of wealthier people and cooking for wealthier people in a wealthier country. And whatever little he sends back becomes a fortune thru exchange rates. Instead of cycling the money back into the US that money now goes to the Phillipines and cycles there instead. The main effect of importing 3rd world labor is that poorer countries are siphoning our wealth, while putting Americans out of work.

    Reply
  77. And any rational person can see that this needs to endA Filipino barber or line cook doesn’t produce more when he moves from the Phillipines to the US His wages increase because he is transferring wealth from a wealthier country by cutting the hair of wealthier people and cooking for wealthier people in a wealthier country. And whatever little he sends back becomes a fortune thru exchange rates. Instead of cycling the money back into the US that money now goes to the Phillipines and cycles there instead. The main effect of importing 3rd world labor is that poorer countries are siphoning our wealth while putting Americans out of work.

    Reply
  78. God bless the CCP, the CCP has been the worlds only competent government in the past 20 years and will be responsible for uplifting China, Africa and South America

    Reply
  79. God bless the CCP the CCP has been the worlds only competent government in the past 20 years and will be responsible for uplifting China Africa and South America

    Reply
  80. There are many Filipinos that work in the Middle East and in America that send money home to their families. This is also true of other countries.

    Reply
  81. There are many Filipinos that work in the Middle East and in America that send money home to their families. This is also true of other countries.

    Reply
  82. The US had a booming economy thru the 1950s because all of its industrial competitors were bombed out rubble during that time.

    Marshall Plan (and its Japanese equiv) was directed at two things: infrastructure and core productive output industries to kickstart the recovery. Most of it’s value wasn’t even in money but rather technical knowledge transfer, as the US was the China of that time when it came to manufacturing tech. This is how the Japanese came to learn if Deming’s methods and followed them religiously.

    By the 1960s, Europe & Japane had mostly recovered and competition from them was starting to kick our butts.

    Reply
  83. Somali immigrant makes more because of Baumol’s Cost Disease. This is the same cause as to why first world symphony performers make more than their third world counterparts despite the fact that heir productivity is the pretty much the same.

    bit.ly/2xdbqqH <-- Baumol's Cost Disease

    Reply
  84. “A barber provides value by removing the time it takes to cut hair, and by eliminating the personal marketing cost of a bad haircut.”

    Pisa never disputed that.

    Thing about the Philippines is that the cost of manufactured goods are higher than local service labor vs the opposite in the US.

    Like laundry washing machines. Cheaper to hire a maid in the Phils to wash your clothes by hand for a year than to buy a laundry washing machine to do it. This is something foreigners do not get until they’ve been to the Phils for a while/often.

    Reply
  85. Same here! We keep the family (the entire family…not just her parents) afloat. Just bought the eldest niece a cell phone (why? because my wife said she needed it) and now all three others are jelous and want one of their own.

    Reply
  86. Except we have minimum wage, in a fair world a somali chef would make no more working in Somalia than he would make in the US.

    He would move to the US, live in a hut and piss in a hole and work for pennies while living in the US

    This is because the true economic value of a chef is pennies.

    In a ideal world we would deport low skill service workers, replace them with Somalis willing to work for pennies and piss in a hole

    There would be no minimum wage, no borders

    If the somali wants more money he gets replaced by another desperate somali willing to work for 50 cents a day.

    So where is this excess value coming from? the somali is not magically cooking more food or better food when he comes to the US.

    The extra value comes from siphoning off other workers with higher wages and higher skills via minimum wage laws and immigration laws.

    The somali steals value by getting free infrastructure like plumbing, electricity etc.. that his ancestors did not build

    This is value transference

    On the other hand for jobs that are truly free market that can cross borders and already pay well above minimum wage, like for quality programmers (I’m talking google level programmers) they make the same whether they live in China or the US or Somalia.

    A quality programmer could easily move to Somalia, and get programming contracts for specific programming problems and make as much had he lived in the US

    Reply
  87. As a taxpayer you will pay more taxes to pay for the unemployed American who had his job taken by a Filipino barber willing to work for a pittance since it is a fortune in his home country.

    This means you pay higher taxes, while the business owner benefits, the Filipino benefits and the unemployed American gets hurt.

    There is in addition a net economic negative for the US and a Net positive for the Phillipines.

    Net economic negative for the American taxpayer and unemployed, Net positive for immigrant and business owner

    Reply
  88. Unemployment rate is 4%, but the number is meaningless since it only includes people who are actively looking for work. And lumps in seasonal work like census workers who only work for a month.

    The key metric to look at is Employment population ratio which is the total number of jobs divided by total number of working age people

    We have around 129 million full time workers, 325 million people and a working population of 243 million.

    What if we eliminate people enrolled in college? We currently have 20 million per year in college.

    So working population = 223 million. Lets take out the children too from 16-18 that’s another 20 million. 203 working population

    But wait this 203-129 million could equal housewives and disabled people

    But we can look at previous years

    google “Employment population ratio us” In 1970’s the ratio was around 70%, which means that 70% of the working population had jobs. In 2013 this number fell to 67% and in 2018 this number fell to 60%

    So yes by importing labor we are indeed sending more americans to the welfare rolls.

    Reply
  89. Your first statement is simply not true. A barber provides value by removing the time it takes to cut hair, and by eliminating the personal marketing cost of a bad haircut. If his customers’ time and image are worth more, so is his time. Following your assertion to its logical conclusion would mean all service jobs would disappear as a society achieves moderate standard of living; in reality the opposite is true because customers’ time becomes too valuable. Skill services like cooking and barbering, which require a learning curve and some capital investment, become proportionally more valuable as a society becomes richer.

    Reply
  90. Given that the U.S. unemployment rate is about 4%, and has been under 6% for 4 years, importing labor doesn’t seem to be too dire a threat.

    One can argue the economy grows when poorer people have more money, since they by necessity will spend it, keeping it in circulation. Rich people however, will keep a portion tied up in real estate, bullion and art, where it is sequestered from the economy.

    The concept of the Marshall Plan after WWII was to essentially give money to Europe to rebuild after the extreme devastation there. This helped lift the economy for everybody, and the U.S. had a booming economy all thru the 1950’s, despite giving away over $12 billion in 1950 dollars.

    Reply
  91. Economy is not a zero sum game. Whatever immigrants lawfully earn is distributed in their country of residence as well, in the form of taxes and living expenses.

    Besides the more money moves around, the more the others will have to buy your stuff and make you richer. Also the richer the poor become, the less incentive they will have to come (except as tourists).

    Reply
  92. And any rational person can see that this needs to end

    A Filipino barber or line cook doesn’t produce more when he moves from the Phillipines to the US

    His wages increase because he is transferring wealth from a wealthier country by cutting the hair of wealthier people and cooking for wealthier people in a wealthier country.

    And whatever little he sends back becomes a fortune thru exchange rates.

    Instead of cycling the money back into the US that money now goes to the Phillipines and cycles there instead.

    The main effect of importing 3rd world labor is that poorer countries are siphoning our wealth, while putting Americans out of work.

    Reply

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