The perils of the foreign job-bandits
“They’re coming here and they’ll steal all our jobs” — is one recurring mantra of our society.
Don Boudreaux of Cafe Hayek dispels it in one paragraph:
Can someone explain to me the benefit to the American worker of competing with billions of high-powered machines — everything from state-of-the art computers to John Deere tractor-combines to big diesel rigs to pneumatic hammers? Is that a benefit for the American worker or for the multinational CEO and their owners of stock (mostly 15% of Americans)?
Neo Ludd is still haunting us, seems.