4 ms·
One thing not mentioned is that: 1) In booming urban areas, price-of-living can outpace the return to wages-- not everybody is benefiting, and landlords/homeow
by bufordsharkley 10y ago
One thing not mentioned is that:
1) In booming urban areas, price-of-living can outpace the return to wages-- not everybody is benefiting, and landlords/homeowners are benefiting more than most.
2) In depressed rural areas, there is likely more people allocated here than there should be-- many oughta be reallocated to job-rich places like cities. However, this mobility is thwarted by high cost-of-living in cities.
- bufordsharkley 10y agoAnyway, I wholeheartedly recommend reading Henry George's "Protection or Free Trade"[0], which both identifies why free trade is the right way forward, but also identifies all the suffering it is causing today. (The chapters "The real weakness of free trade" and "The real strength of protection" are amazingly insightful to what's happening to Trump's America.) [0] http://www.econlib.org/library/YPDBooks/George/grgPFT.html http://www.econlib.org/library/YPDBooks/George/grgPFT.html