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Q.

How Americans can run their industries and economic services without the import of labour force from outside?

Tags: americans, politics & government, economic services
Asked by Ramsingh Sachan, 06 Nov '10 07:52 pm
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Answers (3)

 
1.

By outsourcin them to developing countries perhaps? Ur right tho, most of America's strides were made by labour force. The US blue collar industries run as a matter of fact via undocomented immigrants from Mexico. They get 30-40 p.c. of US minimum wage. And if they're caught, they get imprisoned and 2 get bail they have to shell out the entire life savings they earned from meager wages. Wonderful ain't ti sir?

Have u heard about the grand railroad project in the US in 1800s? That was done ENTIRELY using Chinese labour who were ill treated 2 the core and grossly underfed. ANd today, the NATIVE AMERICANS (RED INDIAN) represent lessthan 2 percent of total pop....

That's how US economy went. It is a superb economy for ITS PEOPLE AND PPL WHO PAY TAX TO IT, but it built itself and still does so by riding on the backs of poorer countries. Look at US India trade balance, it's favouring the US grossly.

I do NOT mean to bring ideology, just my 2 PDR Hindustan Dinars worth of opinion ...more
Answered by A Moin, 06 Nov '10 07:59 pm

 
  
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2.

Official international reserves, the means of official international payments, formerly consisted only of gold, and occasionally silver. But under the Bretton Woods system, the US dollar functioned as a reserve currency, so it too became part of a nation's official international reserve assets. From 1944-1968, the US dollar was convertible into gold through the Federal Reserve System, but after 1968 only central banks could convert dollars into gold from official gold reserves, and after 1973 no individual or institution could convert US dollars into gold from official gold reserves. Since 1973, no major currencies have been convertible into gold from official gold reserves. Individuals and institutions must now buy gold in private markets, just like other commodities. Even though US dollars and other currencies are no longer convertible into gold from official gold reserves, they still can function as official international reserves.
Answered by Jaya Khetan Khetan, 29 Mar '11 07:54 pm

 
  
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3.

They do not have shortage of labour as such
Answered by anil garg, 18 Nov '10 05:55 pm

 
  
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