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The net benefits are allocated to everyone through lower prices and greater consumer choices. This affects many more people, albeit not as dramatically, as thos
by bko 11y ago
The net benefits are allocated to everyone through lower prices and greater consumer choices. This affects many more people, albeit not as dramatically, as those negatively affected. The fact that imported goods well in US is proof that many people value the goods higher than the alternatives.
If you go down the road of easing all competitive displacements of human capital, the eventual result would be lifetime job guarantees, protected cartels and a stagnant society.
- eli_gottlieb 11y ago>If you go down the road of easing all competitive displacements of human capital, the eventual result would be lifetime job guarantees, protected cartels and a stagnant society. We already have protected cartels and a stagnant society -- for capital-owners!
- bko 11y agoOver 50% of Americans own stocks (capital) [0]. Through competition for low-cost ETFs you too can join this prestigious class of capital owners for $7 and 0.7% annual fee. [0]http://www.gallup.com/poll/182816/little-change-percentage-americans-invested-market.aspx http://www.gallup.com/poll/182816/little-change-percentage-a...
- collyw 11y agoStagnant sound better than the growing inequality that I see.
- bko 11y agoBy giving all consumers less choices as to what goods they can purchase and from whom, do you think you're really making those consumers better off? All in order to benefit a few that happen to be in those industries for which the US no longer holds a competitive advantage
- hiram112 11y agoWhat? Consumers in the USA before could have purchased Carrier air conditioners made here. Now they can purchase the same air conditioner made in Mexico. And we know that prices won't go down. That's not why Wall Street pushes companies to relocate.
- jljljl 11y agoYou can't ease all of it, but if you are going to sign trade deals that benefit some workers over others, you should compensate the workers who lose their jobs. It doesn't have to be job guarantees, there can be solutions like wage insurance, free or subsidized retraining + relocation, and basic income.
- hiram112 11y ago>there can be solutions like wage insurance, free or subsidized retraining + relocation, and basic income. I hear this idea of 'retraining' offered as the panacea to globalisation in every article promoting it. What exactly are we going to retrain these workers in? The referenced article made the statement that one of the fired worker's daughter has a degree, yet makes a third less. Sometimes it is spouted that they'll retrain in IT, becoming those elusive software devs the big corps just can't seem to find. But this BS is not being swallowed much anymore - the easier IT and dev jobs have already been offshored, those that can't are filled with H1Bs from India. College grads in liberal arts fields can't even find shitty service jobs in most places outside the coasts. So what skills, exactly, are a former assembly line worker going to learn? The problem is that we have more people that need to work than jobs available. The fact that we continue to export jobs, while more and more workers are replaced with machines, and allow uncontrolled immigration into the US leaves us with problems that won't be solved by some community college or wage insurance. And the establishment still feigns surprise over Trump's massive rise...