And by “insane” I mean “schizophrenic”.
One of the more frustrating aspects of what passes for economic analysis these days is the accepted principle that the old days are gone and “the good jobs aren’t coming back.” We’re talking, of course, about manufacturing jobs which were the mainstay of the American economy for the better part of the last century but collapsed almost entirely in the era of free trade. (This is also one of the chief drivers of the popularity of Donald Trump’s campaign messaging these days.) The question which is too often left unasked is, why? Why should people simply accept that as the new reality?
The GOPe and the Democrat party both agree – free trade and open borders for immigration are both good for America. The GOP wants low taxes and low wages here at home and they are generally opposed to unions. Democrats love unions, high taxes and a high minimum wage.
If we send most of our jobs overseas and then import immigrants to take the jobs that are left, what are Americans supposed to do for a living?
Excuse me but I have to scream now.