Re:Globalization’s losers are revolting
by chillacy on Tuesday June 28, 2016 @02:12AM
(#11991805)
I'll posit that globalization is the great equalizer in absolute cold-blooded fairness, where a hardworking person across the world can take your job (or vice versa).
Protectionism on the other hand creates job security within but reduces absolute fairness.
For instance, if a new law came out tomorrow which said "all computer programmers must be over 6 ft tall to be employed", I imagine wages for our tall friends would all increase by a whole lot, but a lot of us would be out of a job despite our skills.
Protectionism like that, but instead of a height limit, it's the logo on your passport. Also arbitrary compared to your ability to do the job.
Protectionism on the other hand creates job security within but reduces absolute fairness.
For instance, if a new law came out tomorrow which said "all computer programmers must be over 6 ft tall to be employed", I imagine wages for our tall friends would all increase by a whole lot, but a lot of us would be out of a job despite our skills.
Protectionism like that, but instead of a height limit, it's the logo on your passport. Also arbitrary compared to your ability to do the job.