Meh..... Yes, as the article points out, and as Marcus highlights, one would expect trade to eventually even out global wages, which is to the disadvantage of worker who previously had inflated wages. And the article points out that average wages for much of the U.S. population have been stagnant for several decades, which clearly is a negative affect of sorts. However, that doesn't necessarily invalidate the "everyone benefits" part. It is still the case that people with average incomes by U.S. standards own lots of things that those with average U.S. incomes four decades ago would find amazing. If people don't like the benefit of having increased access to cheap goods made overseas, they are perfectly capable of showing their displeasure by paying more for goods made here. It is pretty inconsistent to argue that you don't benefit from the deal while being happy to buy things that you would not have access to without the deals.
----------- Eric P. Charles, Ph.D. Supervisory Survey Statistician U.S. Marine Corps <echar...@american.edu> On Fri, Aug 5, 2016 at 12:37 PM, Marcus Daniels <mar...@snoutfarm.com> wrote: > "Among the big losers - those who gained little or nothing - were those at > the bottom and the middle and working classes in the advanced countries." > > Is that not only expected, but even intended? Globalization gives people > opportunities that don't have them and takes them away from an overly > expensive, underskilled workforce? > > -----Original Message----- > From: Friam [mailto:friam-boun...@redfish.com] On Behalf Of Joe Spinden > Sent: Friday, August 05, 2016 10:15 AM > To: The Friday Morning Applied Complexity Coffee Group <friam@redfish.com> > Subject: Re: [FRIAM] TPP pro and con > > For an informed commentary: > > https://www.project-syndicate.org/commentary/globalization- > new-discontents-by-joseph-e--stiglitz-2016-08?utm_source= > project-syndicate.org&utm_medium=email&utm_campaign=authnote > > > -- > Joe > > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com >
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