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Old 02-22-2007, 05:50 PM   #1438
Tyrone Slothrop
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Join Date: May 2004
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The Economist and Paul Samuelson question Free Trade

Quote:
Originally posted by Spanky
That would suck. But as far as I know free trade does not work that way, and even if it did, I don't know what trade restrictions could do to fix the problem.
I take it then that you would be in favor of repealing that tariff even where it's effect would be to hurt more people than it helped, even if in the aggregate the effects were beneficial. I mean, it's a choice: You could leave things alone, and not hurt the 60%.

Quote:
I think where you analysis is wrong, is that the poor and lower middle class do not hold manufacturing jobs.
Do you disagree that free trade tends to steal more jobs from the poor and middle class than from the upper class?

I agree that jobs at McDonald's tend not to be moved overseas, except in the case of the people who take the drive-in orders. But even the U.S. workers in those jobs will find that their wages are impacted if unskilled workers in other countries can compete for some -- though not all -- unskilled jobs. That's just basic economics. When the factory in town closes down, wages at the McDonald's will go down.
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