OxBlog

Sunday, November 09, 2003

# Posted 1:21 AM by Ariel David Adesnik  

WHO'S STEALING CHINA'S JOBS? According to conventional wisdom, China's low-paid labor force lets it steal jobs from American workers. But it turns out that China has lost an even greater percentage of its manufacturing jobs than the United States has.

So, you might ask, who is the culprit? Answer: efficiency. Now it's true that some jobs are leaving the United States for lower-wage markets. But as massive factory job losses in China, Brazil and elsewhere in the developing world show, protectionism is not the answer. With any luck, public awareness of this trend will increase support for making the Western Hemisphere the largest free trade area on earth.
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