It seems to me…
David Ricardo (1772-1823) was an English economist who developed the free-trade theory of comparative advantage. He stated, “If each nation specializes in the production of goods in which it has a comparative advantage and then trades with other nations for the goods in which they specialize, there will be an overall gain in trade, and overall income levels should rise in both countries”.
Free trade is beneficial to the U.S. which has a high well-educated population percentage. The market for knowledge-based workers increases when the market expands (as opposed to the market for manual labor which normally either does not expand or even decreases). Production of goods requires only so many manufacturing positions but there is an unlimited market for idea-generating positions.
In a free-market economy, the lower the worker skill level, the more likely the impact. Employment opportunities are improved by having some specific skill or ability (entertainers, athletes…), specializing (legal, medical, economics, architecture…), services (sales, food, education…), or knowledge (adaptable, flexible, life-time learning…). It will be increasingly important in whatever career field you choose to be special. Everyone must plan on having numerous careers rather than remaining in the same field through out their life. Basketball or baseball were traditional American sports but foreign players have become increasing skilled in these areas. Many sales and service areas now are considered opportunities for new immigrants. Even education now is available online. Required skill levels are becoming increasingly competitive with the required skill-level moving to ever higher levels.
Instead of attempting to hold back the on-coming tide, we need to increase educational opportunities for everyone, especially for those to whom it currently is denied. Let’s concentrate on moving more people higher on the skills ladder and not concern ourselves with the migration of manufacturing or processing opportunities to other less-developed countries. We need to improve what we do well and not worry about the rest.
That’s what I think, what about you?