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"Compared with previous bursts of global integration and technological upheaval, the changes now taking place in the labour market may produce an unusually larg
by Zakharov 15y ago
"Compared with previous bursts of global integration and technological upheaval, the changes now taking place in the labour market may produce an unusually large number of losers... The priority for policymakers must be to keep the number of losers as small as possible."
I don't think that's a very good priority to have. Policymakers should prioritize maximizing the number of winners, maximizing their winnings, minimizing the number of losers, and minimizing their losses. Naturally, there are other priorities as well, such as personal economic liberties and the environment. Prioritizing just one thing leads to myopic and destructive policy, in this case excessive protectionism.
The article as a whole is reasonable, I suppose I'm just annoyed at journalists using poorly-thought-out throwaway lines as the conclusions of their articles.