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by smallmancontrov 806 days ago
Yep. Labor laws that can be bypassed by outsourcing+importing are a complete joke, this was known when they were passed, and the resulting "compromise" reflects the reality of who was actually in charge. We need to fix this, but we'll have the same opponents as we had before, so it will be an uphill battle.

It would be pretty funny to see Capitalist America twist Communist China's arm into un-fucking their labor relations. The irony would be palpable. Alas, this is going to be one hell of a tough sell in Capitalist America precisely because we are Capitalist.

1 comments

> Labor laws that can be bypassed by outsourcing+importing are a complete joke,

All labor laws can be bypassed by importing; it's a natural economic consequence of https://en.wikipedia.org/wiki/Factor_price_equalization . Only restrictions on trade can slow the equalisation of wages across two countries.

What's wrong with restrictions on trade? Alexander Hamilton's 1791 Report on Manufactures spells out why they are so damn important, and this line of thinking ruled American policy for the next 150 years. America industrialized itself using protectionism. It's trade liberalization that is the recent anomaly, although it has now run for enough decades that its promise of "better for everyone, honest!" can be evaluated against reality. The results are in: the benefits accrued to capital, who saw a many-fold return on their assets, and the costs accrued to labor, who saw stagnant wages for decades.

If you want the macroeconomics assessed in detail and the usual apologetics evaluated against evidence, I refer you to "Trade Wars are Class Wars" by Klein and Pettis.