Exporting jobs to China allows poor to buy cheap goods. Without moving production to countries with cheap labor American poor will earn more, but able to buy less.
I'm glad you mentioned this. Some people have lost their jobs to workers overseas. People can't always be "retrained" and so for these people, since they are now unemployed they are not able to buy more.
In addition, lack of employment correlates (and presumably causes) and increase in crime, in drug use, in depression. These are all externalities that are borne not only by the former worker and their families but by taxpayers and society at large. Someone has to pay for the increased crime and protection, someone has to pay for the additional health care costs, and so on.
These negative externalities of exporting jobs to China, to Mexico, and soon possibly to other Asian nations through TPP are never part of the economic equation.
In order to address a problem, it must be fully analyzed. In this case, there is much finger pointing at the victims of a broken system.
So, when a company exports a worker's job overseas, who is supposed to pay the additional healthcare costs cost by the unemployment? Should us the taxpayers or should those that caused the problem in the first place? Someone has to pay and we shouldn't just let events decide but rather make a conscious choice.
In addition, lack of employment correlates (and presumably causes) and increase in crime, in drug use, in depression. These are all externalities that are borne not only by the former worker and their families but by taxpayers and society at large. Someone has to pay for the increased crime and protection, someone has to pay for the additional health care costs, and so on.
These negative externalities of exporting jobs to China, to Mexico, and soon possibly to other Asian nations through TPP are never part of the economic equation.
In order to address a problem, it must be fully analyzed. In this case, there is much finger pointing at the victims of a broken system.
So, when a company exports a worker's job overseas, who is supposed to pay the additional healthcare costs cost by the unemployment? Should us the taxpayers or should those that caused the problem in the first place? Someone has to pay and we shouldn't just let events decide but rather make a conscious choice.