Post by RS Davis on Feb 16, 2004 13:57:13 GMT -5
[glow=red,2,300]Alan Reynolds Wrote:[/glow] A strange idea has taken hold that if jobs are lost in one place, then some other place must have gained them. Somebody somewhere must have gained the millions of farm jobs we have lost, for example.
Lou Dobbs of CNN appears as obsessed with this bizarre notion as he once was with space.com. Even stranger, those afflicted with Dobbsian trade phobia assume the places that gained jobs must be other countries, not other counties. Yet manufacturing jobs could not possibly have moved to another country, since every industrial country lost manufacturing jobs since 1995 -- particularly China, Japan and South Korea. And the United States has a huge surplus in business services with every region in the world -- that is, the United States sells much more "outsourcing" to other countries than it buys from them.
Lou Dobbs of CNN appears as obsessed with this bizarre notion as he once was with space.com. Even stranger, those afflicted with Dobbsian trade phobia assume the places that gained jobs must be other countries, not other counties. Yet manufacturing jobs could not possibly have moved to another country, since every industrial country lost manufacturing jobs since 1995 -- particularly China, Japan and South Korea. And the United States has a huge surplus in business services with every region in the world -- that is, the United States sells much more "outsourcing" to other countries than it buys from them.
- Rick
