The Economics of Things

 

Business is amoral.  According to Merriam-Webster.com, amoral is being neither moral nor immoral (i.e. no moral judgments apply).  Business’ bottom line is all about profit.

That is what I like about the business.  It’s purpose is clear and straightforward.

If and when the costs is too high, business would seek alternate sources or suppliers.  A business would move its factory overseas to keep its profit margin.  A decision that is  business based and has no moral judgement.

After all, a business has to be competitive to survive.

Onto the other side of the counter: the consumers.  Are consumers amoral?  Is it wrong for consumers to buy stuffs that are cheaper but made overseas? In its purest form, the answer would be no.  The consumers are, like the business, amoral.  Who wouldn’t want to get the best value for their money?

In fact, the economics of things would involve only the good ole supply and demand.

When then would moral be part of the question?  JOBS.  More specifically, the jobs lost due to manufacturing plants being moved overseas.  Millions of jobs have been transferred to locations that have cheaper labor pools.

Now-a-days, one can not find television or coffee maker made in America.  Other things like Barbie Dolls, Converse Sneakers, and Levis Jeans all follow suit.

Do we have a moral obligation to keep the jobs here?  That is more of a political question if you ask me.

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