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View Diary: Stay progressive on globalization (52 comments)

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  •  To the extent that is will raise the cost of (1+ / 0-)
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    ChicagoDem

    imported goods, it will adjust the comparative advantage within the trading system. Requiring locally relevant living wages, environmental protections and the right to organize WILL raise the cost of production and make US goods/services more competitive.

    To those who object because horrors, it will raise prices, the answer to that is to raise productivity at the same time. A worker that makes a decent wage, has health care and doesn't suffer in a polluted environment is MUCH more productive than the alternative.

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