JOBS AND GLOBALIZATION

Economist Alan Reynolds points out that loss of factory jobs is occurring worldwide as processes become more efficient and that losses in the USA are actually SMALLER than the loss of factory jobs in China, South Korea, Germany and Japan.

The brainless Leftist idea of how to protect American jobs: "The trouble with protectionism, aside from its costs to the consumer, is that other nations retaliate: If America forbids the import of their goods and services into America, they will not permit export of American products to their countries. That would be costly because one factory job in five in America depends on international trade."

"186 million children, between the ages of 5 and 14, perform illegal child labor. 111 million of these jobs involve hazardous work. Kaushik Basu offers his analysis and observations in the latest issue of Scientific American. Obviously wealth is the best cure for hazardous and oppressive child labor. By the latter part of the 19th century, child labor was declining in the richer nations. Basu notes that many anti-child labor campaigns backfire. A 1990s boycott of Nepalese carpets, made with child labor, led many of those children to become reemployed as prostitutes".

Some economists ask: "Does increased international trade promote child labor? ... We find that countries that trade more have less child labor."

"Massachusetts ... has lost a higher percentage of jobs the past three years (6 percent) than any other state, according to data released this month by the Labor Department." Funny that! Nothing to do with firms moving elsewhere to escape tax and regulation burdens, of course.

The war against slavery isn't over, and globalisation is helping to eliminate it in India.

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