Monday, November 14, 2005
My key analysis
Chapter 3 of Global Transformations
Page 184 – This discussion on welfare I think is relevant to our economics discussion. “erosion of the employment prospects for the low-skilled workers as a result of trade places a significantly higher burden on the welfare system… thus global trade has had contradictory impacts in so far as it has increased the demands on the welfare state while undermining the political basis for funding it.” This strikes me as critical to our web-blog if we want to tie in global trade to U.S. economics. It seems we burn the lower skilled in our country twice. We trade with other countries to get cheaper goods for the upper and middle classes. And then the upper and middle classes tend to vote politically against any aid or assistance for those that don't have low skilled jobs as a result. How interesting and enlightening! Makes me go "hmmm"....
Page 184 – This discussion on welfare I think is relevant to our economics discussion. “erosion of the employment prospects for the low-skilled workers as a result of trade places a significantly higher burden on the welfare system… thus global trade has had contradictory impacts in so far as it has increased the demands on the welfare state while undermining the political basis for funding it.” This strikes me as critical to our web-blog if we want to tie in global trade to U.S. economics. It seems we burn the lower skilled in our country twice. We trade with other countries to get cheaper goods for the upper and middle classes. And then the upper and middle classes tend to vote politically against any aid or assistance for those that don't have low skilled jobs as a result. How interesting and enlightening! Makes me go "hmmm"....
# posted by ErinW @ 8:00 AM 
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