Re:IT employment grew by just 700 jobs in 2023
by giantg2 on Monday January 08, 2024 @01:11PM
(#38915816)
"and the people are better off with free, open markets long term."
Eh, maybe not. It depends on the demand and availability of skill/labor. If you have a high percentage of low skill labor and you can outsource low skill labor to cheaper markets, then what are the current low skill citizens going to do? Surely the rust belt is not better off now than when coal and steel (and other manufacturing) were still a domestic thing. Maybe other areas of the county faired better, but with median wages dropping over the past 50 years, it doesn't seem like a strong case.
Eh, maybe not. It depends on the demand and availability of skill/labor. If you have a high percentage of low skill labor and you can outsource low skill labor to cheaper markets, then what are the current low skill citizens going to do? Surely the rust belt is not better off now than when coal and steel (and other manufacturing) were still a domestic thing. Maybe other areas of the county faired better, but with median wages dropping over the past 50 years, it doesn't seem like a strong case.