Nitwit econ professors and so-called free traders have been peddling that same lie, almost word-for-word, for at least thirty years.
Based on what was being said in the early eighties, by now all Americans should be trained and retrained for the "high tech, high paying jobs of the future". Well, the future they lied about thirty years ago is here and they have nothing to offer by the same lies all over again.
“It is unqualifiedly positive,” says Aneel Karnani, assistant professor at the Ross School of Business at the University of Michigan.
An "unqualified positive" for whom? The citizens of this guy's ancestral homeland?
It's been obvious to any with the tiniest amount of common sense, for years, that all these one-sided trade agreements, and the export and outsourcing of US factories and jobs, would lower the US standard of living and create a new underclass. That is the only possible result of the policies that have been followed, really, since the 1950s.
This will become a major political issue in the near future, as it should.
We, as a country, should be doing high value-added work versus low value-added work. We don’t want to be making shoes — we’re making pharmaceuticals, software, high-tech cars. That’s how you become a rich country.”
Tell that one to the Chicoms.
How much lower is our standard of living now, than it was in the 1950’s? I have yet to see a “nitwit” econ professor claim as much . . . and I’ve seen my share of nitwits.
Fixed.