Archive for the ‘Cafe Hayek’ Category

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.

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