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10 Truths About Trade--Hard facts about offshoring, imports, and jobs.
ReasonOnline ^ | July 2004 | Brink Lindsey

Posted on 07/07/2004 11:05:41 AM PDT by 1rudeboy

Is globalization sending the best American jobs overseas? If you get your news from CNN’s Lou Dobbs, the answer is “of course” and the only real issue is how many trade restrictions should be applied to stem the bleeding.

But the recent scare about ”offshoring” is just the latest twist on an inaccurate, decades-old complaint that global trade is stealing jobs and causing a ”race to the bottom” in which corporations relentlessly scour the world for the lowest wages and most squalid working conditions. China and India have replaced 1980s Japan and 1990s Mexico as the most feared foreign threats to U.S. employment, and the old fallacy of job scarcity has once again reared its distracting head.

The truth is cheerier. Trade is only one element in a much bigger picture of incessant turnover in the American labor market. Furthermore, the overall trend is toward more and better jobs for American workers. While job losses are real and sometimes very painful, it is important -- indeed, for the formulation of sound public policy, it is vital -- to distinguish between the painful aspects of progress and outright decline.

Toward that end, and to counter protectionist “analysis” masquerading as fact, here are 10 core truths about global trade and American jobs.


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Front Page News; Government
KEYWORDS: reason; trade
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To: hchutch

Reagan's Laws of Government:

If it moves, tax it.

If it's still moving, regulate it.

When it stops moving, subsidize it.


21 posted on 07/07/2004 11:23:36 AM PDT by Poohbah ("Mister Gorbachev, TEAR DOWN THIS WALL!" -- President Ronald Reagan, Berlin, 1987)
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To: 1rudeboy
I read post number five and had the same reaction you did. Opponents will look for any "reason" to marginalize something that makes sense as long as what's making sense doesn't square with their own beliefs. Yes, even in America one can claim to be conservative [meaning they like the idea of limited governments] but yet they'll fear markets and scoff at liberty...if liberty really does has the same meaning to them.

The fact that someone responded to an editorial in the unreasonable manner in which they did and that article came from Reason Magazine makes the irony that much more delicious.

22 posted on 07/07/2004 11:24:10 AM PDT by LowCountryJoe (I find it extremely funny when the Buchananites 'Deep Throat' each other. [Irony intended])
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To: 1rudeboy

Actually, it should be globalist@nwo.int (globalists aren't loyal to the .gov domain) (c8


23 posted on 07/07/2004 11:24:50 AM PDT by Poohbah ("Mister Gorbachev, TEAR DOWN THIS WALL!" -- President Ronald Reagan, Berlin, 1987)
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To: Poohbah

bump for later read


24 posted on 07/07/2004 11:57:54 AM PDT by knarf (A place where anyone can learn anything ... especially that which promotes clear thinking.)
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To: Asclepius
The Libertarian Case for Slavery
25 posted on 07/07/2004 12:15:42 PM PDT by Willie Green (Go Pat Go!!!)
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To: Poohbah
We have a huge agricultural subsidy slush fund because of efforts to stem that decline in agricultural employment.

Farmers: Midwestern welfare queens in overalls.

26 posted on 07/07/2004 12:54:31 PM PDT by Modernman ("I don't care to belong to a club that accepts people like me as members" -Groucho Marx)
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To: LowCountryJoe; 1rudeboy
Opponents will look for any "reason" to marginalize something that makes sense as long as what's making sense doesn't square with their own beliefs.

Actually, the article squares with my own beliefs quite well.

But, some time ago I "subscribed" to Reason magazine long enough to throroughly read one issue. Every third article or so was pushing for legalization of pot.

Thus, Reason magazine marginalized itself.

Nice try, though.

27 posted on 07/07/2004 1:17:04 PM PDT by newgeezer (Just my opinion, of course. Your mileage may vary. You have the right to be wrong.)
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To: 1rudeboy

bump


28 posted on 07/07/2004 1:21:22 PM PDT by VOA
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To: Lazamataz
Yes, our company is hiring a few Bangalore programmers, but I will manage 2 of them and still be coding stuff myself.

I'd love to hear how that works out.

From my personal experience, the job market is seriously heating up. I'm getting calls on resumes I posted a year ago. Looking at the job sites, there's a *ton* of new dev jobs out there.

Esp. the N. Carolina area, their 'Tech Triangle' as it seems to be called. That part of the country is sssssmokin'.

29 posted on 07/07/2004 2:00:29 PM PDT by Dominic Harr
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To: Dominic Harr
I'd love to hear how that works out.

It's a completely new 'take' on offshoring. Instead of firing the American and hiring 3 Indians with no clue, they KEEP the American and hire him/her two assistants. I will be offloading rote programming tasks, giving them things to do I don't have time for, etc. etc.

Example: Our product is international. We use a resource fall-back manager for localization of foreign strings.

They can replace all the text in the ASP.NET pages with labels for me, and I'll wire it all together.

This might work out.

30 posted on 07/07/2004 2:04:39 PM PDT by Lazamataz ("Stay well - Stay safe - Stay armed - Yorktown" -- harpseal)
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To: newgeezer

Did you realize that this article was about economics, and not drug legalization, before you posted, or did your knee jerk so hard that it caused you to click?


31 posted on 07/07/2004 2:23:09 PM PDT by 1rudeboy
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To: djreece

marking


32 posted on 07/07/2004 2:36:50 PM PDT by djreece
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To: 1rudeboy; newgeezer
Did you realize that this article was about economics, and not drug legalization, before you posted, or did your knee jerk so hard that it caused you to click?

Yeah, but they really should legalize pot.


33 posted on 07/07/2004 2:56:36 PM PDT by Lazamataz ("Stay well - Stay safe - Stay armed - Yorktown" -- harpseal)
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To: Lazamataz
This might work out.

Color me skeptical, but I could be wrong.

I've seen it tried, actually. It was the last stage of the process. First they off-shored everything, then they tried mixing in a few Americans.

In our experience, it would still have been more productive to have hired one American in place of two or even three Indians.

34 posted on 07/07/2004 4:46:56 PM PDT by Dominic Harr
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To: 1rudeboy
Opponents of open markets frequently claim that unshielded exposure to foreign competition is destroying the U.S. manufacturing base. That charge is flatly untrue. [] Between 1980 and 2003, American manufacturing output climbed a dizzying 93 percent. Yes, production fell during the recent recession, but it is now recovering: the industrial production index for manufacturing rose 2.2 percent in 2003.
rudeboy, are you ever going to learn how to do math? 93% over 23 years is 1.2% per year. In the next sentence you say 2.2% for 2003 is recovering. So, is 1.2% 'dizzying', or a little more than half a recovery rate? One of my professors was fond of saying "statistics don't lie, people do".

35 posted on 07/07/2004 6:52:43 PM PDT by sixmil (Tariff-free traitor, corporate conservative, labor-supply sider. There, I said it.)
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To: sixmil
sixmil, are you ever going to learn how to read? Manufacturing output is not the same measure as the industrial production index. One of my professors was fond of saying "words mean things."

36 posted on 07/07/2004 8:16:08 PM PDT by 1rudeboy
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To: 1rudeboy
Manufacturing output is not the same measure as the industrial production index.
LOL, does that depend on what the definition of the word 'is' is? Please tell us what this index is trying to gauge then. I'd love to hear you compare and contrast the two.

37 posted on 07/07/2004 9:11:41 PM PDT by sixmil (Tariff-free traitor, corporate conservative, labor-supply sider. There, I said it.)
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To: 1rudeboy

How come you get to compare the two to make your argument, but I don't get to when I destroy your argument? Are we playing rudeboy wins? If you are going to debate on a conservative website, drop the liberal one-way-street tactics.


38 posted on 07/07/2004 9:30:09 PM PDT by sixmil (Tariff-free traitor, corporate conservative, labor-supply sider. There, I said it.)
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To: 1rudeboy
Did you realize that this article was about economics, and not drug legalization, before you posted

Of course.

or did your knee jerk so hard that it caused you to click?

I posted a comment about the source. In case you haven't noticed, that happens a lot around here.

39 posted on 07/08/2004 6:28:42 AM PDT by newgeezer (Just my opinion, of course. Your mileage may vary. You have the right to be wrong.)
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To: sixmil
LOL, does that depend on what the definition of the word 'is' is?

No. LOL

Please tell us what this index is trying to gauge then. I'd love to hear you compare and contrast the two.

I'm beginning to suspect that you have not read the article, because you do not appear to understand that those are the author's words and not mine. Latching-on to a small discrepancy that does not exist in order to distract is a Liberal tactic, as I'm sure you are aware.

40 posted on 07/08/2004 7:02:07 AM PDT by 1rudeboy
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