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Originally Posted by Rogue  Just what is that long term problem that we're ignoring. |
I've already said. The US has a long tail of low skilled labour, with resulting problems of working poverty. These problems existed before any hullabaloo howling over globalisation. The US economy therefore stands out, given the stability of most western capitalist economies is consistent with lower rates of poverty. Your ire would skip sweetly to suitability if you concentrated on the reasons behind the phenomena. You're more likely to have to refer to failures in human capital investment (from box-standard education problems generated by wealth inequalities to training weaknesses in upskilling) than Mexican immigration. And that is before you even consider the demand-side explanations of a low skilled equilibrium.