SarasotaRepub
06-30-2012, 06:47 PM
In general, Nadin bothers a lot of people (http://www.democraticunderground.com/1002884616)...:biggrin-new:
Sat Jun 30, 2012, 06:27 PM
nadinbrzezinski
Harmonization... and why this bothers me
while doing research for the Transpacific Treaty coming to San Diego this coming Monday, I came across this lovely concept that all of you should become aware off: Harmonization, that be the leveling of wages across a trade zone.
This of course will create obvious losers, as things like oh Textiles will move to Malasya... (well from China I guess), and higher end work will move to the states, but in theory we will see a leveling of salaries with Americans seeing theirs decline while Malaysians see theirs rise.
Now I know many of us have written about this in the past, but harmonization is the technical term.
Now here is my question for the Chicago school. Yup, prices will be lower for the consumer, but if the consumer does NOT make as much money, but still has to pay bills et al, that are remaining the same, how exactly is the consumer supposed to afford these cheaper goods?
Thus the backlash against free trade.
There is more, it has not worked as advertised either in places like Mexico, where no, the standard of living is not going up and the middle class is also under pressure, you dig vern?
Sat Jun 30, 2012, 06:27 PM
nadinbrzezinski
Harmonization... and why this bothers me
while doing research for the Transpacific Treaty coming to San Diego this coming Monday, I came across this lovely concept that all of you should become aware off: Harmonization, that be the leveling of wages across a trade zone.
This of course will create obvious losers, as things like oh Textiles will move to Malasya... (well from China I guess), and higher end work will move to the states, but in theory we will see a leveling of salaries with Americans seeing theirs decline while Malaysians see theirs rise.
Now I know many of us have written about this in the past, but harmonization is the technical term.
Now here is my question for the Chicago school. Yup, prices will be lower for the consumer, but if the consumer does NOT make as much money, but still has to pay bills et al, that are remaining the same, how exactly is the consumer supposed to afford these cheaper goods?
Thus the backlash against free trade.
There is more, it has not worked as advertised either in places like Mexico, where no, the standard of living is not going up and the middle class is also under pressure, you dig vern?