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by ethbr1 441 days ago
Globalists failed to take into account the anger that employment dislocation would generate.

'The labor market will reallocate to productive jobs' doesn't take into account the experience of having ones income security disappear as an industry is shipped overseas, then having to retrain into a new field.

And the US largely didn't fund that, at least in a meaningful, at scale, don't-piss-people-off way.

Those at the top reaped the benefits of free trade; those at the bottom suffered the pain.

Trump (the character) was voted in on the basis of that anger, something the Democrats never seemed to understand.

It'll be curious what the reaction is to serious economic pain in the midterms.

1 comments

People are rightfully angry. LORD has it taken a long time for people to start talking about how everyone can’t become a coder. However, this seems like common knowledge today, but it was unpopular to think about this back when people were still struggling to deal with the issues that were cropping up.

Trump the character plays the storyline, which is hopefully useful to help people predict what’s happening.

What bugs me is that, the deeper shifts aren’t part of the counter narrative. Automation is eating jobs faster than trade ever did. Lights-out factories exist.

Also - it sucks to get taxed, sure. However it sucks more to not have a working global market. Your wealth is better if you have more people able to buy and make things.