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This is a very US - centric view. With globalization I think a different picture emerges. Increasing global trade has hurt US (and Other Western) working classe
by rb808 8y ago
This is a very US - centric view. With globalization I think a different picture emerges. Increasing global trade has hurt US (and Other Western) working classes with de-industrialization, where many more people foreign countries have been lifted out of poverty.
- munk-a 8y agoThe US has, on a global scale, long had higher standards of living than a large remainder of the world so balancing US workers with foreign workers to elevate the standard of living in third world countries isn't a bad thing. The issue is more that while this process was happening a small segment of the US population has managed to sequester a nearly incomprehensible portion of that wealth for no good reason.
- rb808 8y ago> long had higher standards of living than a large remainder of the world Not really 200 years ago most Americans were scratching a living in a new world fighting off the natives and importing slaves. >The issue is more that while this process was happening a small segment of the US population has managed to sequester a nearly incomprehensible portion of that wealth for no good reason. Agreed its a big change from the 60s and 70s.
- munk-a 8y agoSorry, to clarify here, long is defined as ~80 years, which, I'll grant, isn't actually very long. My apologies for the confusion.