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It has been my observation that Free Trade / Globalization has typically benefited the weaker party in the deal or Corporations. The American worker has histori
by hourislate 10y ago
It has been my observation that Free Trade / Globalization has typically benefited the weaker party in the deal or Corporations. The American worker has historically been the causality. Ross Perot use to say hear that sucking sound, it's your jobs going to Mexico and Canada.
As time goes on I suppose automation and AI will make cheap labor a non-factor in the cost of a widget. Countries/Corporations will want to trade to secure access to products and markets instead of using cheap labor to gain an advantage. Products will have to compete on their quality and technological advantages. The main factors determining the cost of a product will be clean and reliable power, good transportation network and access to raw materials.
Either way it seems likely now that in the future the Manufacturing worker in Asia or America will eventually be a casualty.