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View Diary: The Economics of Unemployment (47 comments)

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  •  20 of those years (8+ / 0-)

    were pretty damn protectionist.  It was when Reagan was elected in 1980 (a scant 30 years ago, well 29) that free trade truly started.  That's when jobs began becoming scarce for 90% of the populance, median income stagnated and then declined starting in 2002, etc.

    From where I can see Free Trade has been an unmitigated disaster for the areas that actually count (for instance, having a good job counts three times having "cheaper goods" because you need the money from the job to buy the goods).

    "An army of principles can penetrate where an army of soldiers cannot." - Thomas Paine

    by Mister Gloom on Tue Feb 17, 2009 at 11:50:01 AM PST

    [ Parent ]

    •  i'm no fan of reagan (1+ / 0-)
      Recommended by:
      northsylvania

      You can make free trade fair trade.  Cutting trade and protectionism has proven to lower incomes for everyone all around.

      •  Free Trade =/= Fair Trade (4+ / 0-)

        They're different animals, just as you can't call my Chrysler a Toyota.

        Or as one hardcore libertarian I know said when someone brought up fair trade "Ah, unfree trade."

        "An army of principles can penetrate where an army of soldiers cannot." - Thomas Paine

        by Mister Gloom on Tue Feb 17, 2009 at 11:54:51 AM PST

        [ Parent ]

      •  Take a look at US 1950-1980 (4+ / 0-)

        Thom Hartmann has pointed this out numerous times:  We had domestic industry and plentiful jobs through protectionism in the US from 1950-1980.  Then free trade started and the low cost countries of China and India got an instant benefit.  Heck, look at Europe, if I lived in the more protectionist European countries I'd have a good job and be able to afford a place of my own.  Instead I've had a 2 year running choice between shit job or no job and I'll be foreever a failure because its getting to the point that I can't avoid moving in with my father (if you move back in with your parents as an adult you will always be a failure unless you have an achievement on the level of a cure for cancer).

        "An army of principles can penetrate where an army of soldiers cannot." - Thomas Paine

        by Mister Gloom on Tue Feb 17, 2009 at 11:57:12 AM PST

        [ Parent ]

        •  so what is your proposal? (0+ / 0-)

          That we don't allow any US companies to hire anyone abroad?

          •  For the first things... (6+ / 0-)

            ...*heavy* auditing of H1-B visa programs.  It is pretty much an open secret that companies jiggle the numbers to claim that there are no US workers qualified for the job.  Heck, we should have a few of the rules and regulations regarding hiring that European countries put on their companies to ensure a better treatment for their citizens.  

            What "fair trade/Free Trade" proposals would you make?  I'm looking forward to this because chances are I've seen and rebutted them already (especially that old "retrain" lie).

            "An army of principles can penetrate where an army of soldiers cannot." - Thomas Paine

            by Mister Gloom on Tue Feb 17, 2009 at 12:01:15 PM PST

            [ Parent ]

            •  auditing of H1Bs is good (1+ / 0-)
              Recommended by:
              bgblcklab1

              No reason not to do it.  One thing that would make things more fair is demanding the same standards of American companies inside and outside US.  For example, we require a linen shop to provide health, paid vacation and holidays, and 401k to its employees in this country.  However, the same company doesn't have to provide any of the above benefits to its employees outside of US, which reduces their costs even more so than the income gap.  You could tax them the difference.

            •  Without a Comprehensive Change... (0+ / 0-)

              in immigration policy we will continue to have problems with foreign workers taking Americans' jobs.  You feel the bite from H1B's because you are probably in the Tech field.  But, come to Texas and look at any construction site.  Mostly immigrants.  Many of the policy makers support open borders and sancutary for immigrants.  Why should IT, H1B workers be treated any differently than laborers.

              We need to make a decision on what kind of immigration policy we want, enforce it, and accept the consequences.  And of course some Americans will be affected in their job search.

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