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

Actually, you attacked the source, not realzing that this is a guest article appearing in that source. And yes, it does happen a lot around here, but that doesn't make it less of a logical fallacy.

41 posted on 07/08/2004 7:06:21 AM PDT by 1rudeboy
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To: 1rudeboy

Hey, whatever. You win. Sorry to have upset your fragile little world.


42 posted on 07/08/2004 7:54:08 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: newgeezer

Glad to help you straighten things out.


43 posted on 07/08/2004 8:31:40 AM PDT by 1rudeboy
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To: 1rudeboy

Bump.

Great article. Fact and figures against the other side's anecdotes and fear-mongering.

Of course, facts and figures don't matter to those who really just can't stand to deal with the reality of the benefits of globalization. "There are none so blind as those who will not see."


44 posted on 07/12/2004 6:08:06 PM PDT by Joe Bonforte
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To: Joe Bonforte

I thought the libertarian case for slavery angle was a nice touch.


45 posted on 07/12/2004 8:13:00 PM PDT by 1rudeboy
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To: 1rudeboy
I thought the libertarian case for slavery angle was a nice touch.

Yep. Roughly equivalent to trying to refute the conservative writings of William F. Buckley or the commentary of Rush Limbaugh by citing how David Duke likes the KKK.

But, hey, when you've got no logical refutation, I guess posting non sequiturs feels better than doing nothing.

46 posted on 07/13/2004 5:56:25 AM PDT by Joe Bonforte
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To: Joe Bonforte

I was thinking the other night that if this had been a pro-protectionism (with a suitably negative or alarmist title) piece, then this thread would've run into the hundreds as the free-traders and protectionists duked it out.


47 posted on 07/13/2004 7:55:42 AM PDT by 1rudeboy
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