Since capital is so much more mobile than labor, the free movement of
capital will give far more advantages to the employers then the employees.
Part of the story is also the opening up of agriculture to free trade so
that people will be swept off the land and forced into low-wage jobs which
will not create much opportunity. We saw this in Mexico.
Brad De Long wrote:
Once again, American workers at the lower rungs of the pay
scale are being asked to sacrifice their jobs and wages on the altar of
"free trade," so that the poorer countries of the world might pursue
an economic development strategy that offers little hope for the vast
majority of their own populations. Over the last 25 years, we have
lost more than a million jobs in textiles and apparel...
Name: Mark Weisbrot
Why this extraordinary desire to keep Africa from exporting textiles
to the U.S.--to keep Africa poor and keep Roger Milliken rich?
Brad DeLong
--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax 530-898-5901
