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globalization

In case anyone here still believed recent malarkey, and worse, about how horrible globalization has been to Americans, here's recent analyses of the evidence.

https://piie.com/system/files/documents/pb17-16.pdf

It must always be noted however that the benefit is some large number to 1, say 20, not 20 to 0.
Meaning there is real suffering involved domestically.
(This explanation is from a sib of mine, though not original with him, I'm sure; he is cited in this document.)

Comments

  • "... sharply improved adjustment programs
    are needed to compensate those who lose both from deeper
    integration and from newer technology."
  • edited May 2017
    Absolutely right, the skills biases and skills gaps

    community colleges and the like should be high on everyone's agenda

    nonetheless, as you also read,

    This Policy Brief ... concludes that the payoff to the United States from trade
    expansion—stemming from policy liberalization and
    improved transportation and communications technology—
    from 1950 to 2016 is roughly $2.1 trillion (measured in
    2016 dollars). It further concludes that US GDP per
    capita and per household accordingly increased by
    $7014 and $18,131, respectively (both measured in 2016
    dollars). Disproportionate gains probably accrue to poorer
    households.


    Also UBI.
  • ubi.....
  • universal basic income
  • thnx.
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