Joey sells American steel so Tony can build a bridge. Two American jobs.
Lin sells Chinese steel so Tony can build a bridge. One American job. Price of bridge about 3% less.
Doesn’t make a speck of sense to me. There’s a reason the Republicans are the MINORITY party – because they’re totally out of touch with reality![/quote]
I am not against your concept, but I think the math is not quite right.
In reality, Joey can not have the job if he sell to only one buyer.
He will have to sell to maybe 20 buyers EVERY MONTH to have the job as a salesman.
So, that means at best, it is 21 jobs vs 20 jobs + 3% * 20 sales.
(assuming all 20 buyers are repeated customers)
And I think the invisible hand favors the 20 jobs model for now….
