And here I am thinking that a place like HN can appreciate that Econ 101 axioms don't translate perfectly to the real world. Moving call centre jobs to India a

And here I am thinking that a place like HN can appreciate that Econ 101 axioms don't translate perfectly to the real world. Moving call centre jobs to India and Philippines 20 years ago didn't exactly make those that lost their jobs more productive over the long run. The textbook says it should have, as American comparative advantage should be in higher value-added activities. The only problem is that the textbook also thinks re-skilling is free, everyone has alternate options for employment, and the labour market re-balances instantly.