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by logicchains
806 days ago
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> 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. |
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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.