11
Even “free and fair” trade has effect of making unskilled labor less valuable (and increasing inequality) no?
Mickey Kaus
Kausfiles
Even “free and fair” trade has effect of making unskilled labor less valuable (and increasing inequality) no?
@kausmickey There’s a lot to it but on its face, yes, that is a true statement.
@kausmickey but they also benefit by buying cheaper goods at Walmart.
@kausmickey Not an economist, but would be surprised if, on net, benefits don’t outweigh costs even for unskilled.
@kausmickey Not global inequality.