Blog

My letter to the NY Times re: Why laid off American workers can't find jobs

My letter to the NY Times re: Why laid off American workers can't find jobs
Profile photo of Patrick Barron

Re: The Perils of Globalization

Dear Sirs:
I believe that Binyamin Appelbaum may have unwittingly answered his own question about why American workers who lose their jobs–as illustrated by the former Maytag employees in Galesburg, Illinois–have such a difficult time finding alternative employment of the same standard. Mr.Applebaum reports that America is trying to negotiate international trade agreements that would build a “shield against globalization that would move closer to American standards for environmental protection, worker rights and intellectual property.” These very policies are the cause of America’s economic problems, and our trading partners would be foolish to adopt them. They are more likely to adopt the common sense policy of gradually incorporating these standards over time on a cooperative rather than an adversarial basis, in full knowledge that adopting them too early would create a barrier to economic growth. These standards are the consequences of economic growth. In effect, economic growth pays for them. The adverse consequences for believing otherwise are there for all to see in the US and Western Europe–a falling labor participation rate and out of control government debt to pay so-called welfare entitlements.
  • Frank Zeleniuk

    Hmmm… Is this about Obama’s “free” trade agreement? If so I guess through some accident of chance Harry Reid was right in opposing this trade treaty. I was wondering why Obama was propounding a – or any – “free” trade agreement. There had to be some ideological subversion in the agreement. Any socialist plan must forward the growth and/or aggrandizement of the State first and foremost.

Blog
Profile photo of Patrick Barron

Patrick Barron is a consultant to the banking industry. He teaches Austrian school economics at the University of Iowa and Bank Managemant Simulation for the Graduate School of Banking, University of Wisconsin. Visit his blog. Send him mail.

More in Blog

0629poloz-300x2251

BoC Pat on the Back

Caleb McMillanJune 19, 2017
poloz_wilkins_notes

Canadian Interest Rates Set to Rise?

Caleb McMillanJune 14, 2017
corbyn

The Corbyn Buck

Taylor LewisJune 13, 2017
trump

Trump Learns The Reality Of Governance

Taylor LewisApril 22, 2017

No Nation Can Harm Another Economically

Patrick BarronApril 16, 2017
commercial bubble

Bankers, Always the Last to Know

Doug FrenchApril 14, 2017
0629poloz-300x2251

The Bank of Canada Should “Cease and Desist”

Caleb McMillanApril 11, 2017
14731489589479NKMJNs1PPQgc_O

Canada’s January GDP Numbers Raise Hopes and Obscure Reality

Caleb McMillanApril 8, 2017
parliament

How Elites Are MINING You: Must-Watch & Share

Mises CanadaApril 5, 2017