A key principal behind the European Union is the idea that all citizens of member states are free to relocate to other countries inside the union just like in the United States. That sounds great for economic efficiency right? It did when the union consisted of a set of countries with similar labor market conditions, i.e. wages. […]
A key principal behind the European Union is the idea that all citizens of member states are free to relocate to other countries inside the union just like in the United States. That sounds great for economic efficiency right? It did when the union consisted of a set of countries with similar labor market conditions, i.e. wages. You have to pay a Frenchman a lot of money to move from his beloved Paris to evil rainy London so not many were expected. Along came the internet which boosted the value of English so many more people learned it. Suddenly a lot more workers became qualified to work in the UK (and the US for that matter). How many Middle Eastern refugees speak Dutch or German?
Then the union expanded to include such places as Latvia and Poland – countries whose GDP/capita is a fraction of the core countries’ of Europe. Poland’s average is less than 1/3rd of Britain’s. This expansion set it up for disaster. If you work in the UK and you’re not a rocket scientist, a Pole can replace you because he will work for half what you were paid. The Economist’s answer: Get more education! It’s like a new mantra for theoretical economists everywhere. If you’re a house painter or a car repairman you are supposed to go back to college and study big data analysis using Python.
So what’s the policy supposed to be when these conditions guarantee the destruction of your middle class? Aside from blocking labor migration, all you can do is send these poor people a check taken from the wages of a banker or technology worker, every month until they die. If you have other suggestions I’d love to hear them. Then you must stop the poor from having children.
The US case is no different. Our immigrants have a slightly darker skin tone but the effect is identical. When the Democratic party speaks up for illegal aliens, it is supporting the same destructive force that tore up the UK. Does Hillary have a plan to save our middle class? Trump may be a racist but his policy may be the only rational one unless you’re OK with huge tax transfers.
The UK abhorred and mocked the EU for a set of very good reasons but it needed to figure out a way to gently breakup. It’s not you, it’s me … I still want to be friends and visit your children to sell them banking services. England wants low tariffs and they must protect their labor force. They can just ask (beg) politely for the same status as Norway or Switzerland.
UK diplomats will finally get a chance to earn their pay.
I’m sure we can agree that there are plenty of nut jobs, sad or depressed people, teens who got no love from their parents and some who have brain deformation. Perhaps you have dated some of them. The overwhelming majority are harmless, both to themselves and others but they are logical candidates to reach out to find […]Continue reading →
After a primary season ends we expect to see a “pivot” back to the center by every candidate as they pursue swing voters. In the case of Donald, one would expect to see him use teleprompters rather than go off the cuff. He did use one last week for the first time but the rhetoric didn’t really change. […]Continue reading →
Yes Trump is a dark figure who apparently knows nothing about economics or international relations. He is a cartoon character defined by and for reality TV. Hillary is the perfect example of experience without achievement. Her fame stems from being someone’s wife. She has no intention of doing anything if she becomes President. The result […]Continue reading →
History is replete with periods of economic weakness where workers stood against immigration because jobs were so hard to find. You may say that you know that all those unemployed people were really just racists looking for any excuse to keep out “the others”. If you do then you need a lot of evidence. It […]Continue reading →
The New York Times came out recently with an essay supporting the role of government to pay people money if they get displaced by offshoring. The idea is catching on. This sounds compassionate but it’s like the guy spreading the plague offering you a band aid for your bleeding boils. The government’s trade policy has […]Continue reading →
The Wall Street Journal has another article describing the huge demand for skilled workers coming primarily from the technology sector. (Go Here). The shortage is so severe that the government is instituting a special lottery to help out all those poor companies that just can’t get any work done.
If the cost of an imported […]Continue reading →
Many years ago I had a good friend (Bob) who was a high end real estate salesman in Connecticut. He didn’t have a fancy education and never got the respect of local investment bankers or doctors but he didn’t care. It brought in good money with relatively little stress and left him lots of free time for […]Continue reading →
It’s much easier for Hollywood to play to existing tastes and beliefs than to create new ones. It’s hard to be a trend setter. Donald Trump knows this as well as anyone. He is not a leader, he just morphs into the crowd that has been prepped by Rush and Glen. Someone was bound to go […]Continue reading →
We all know the saying: “If you’re young and conservative you have no heart; If you’re old and liberal you have no money.” Millennials are not doing some of the things that previous generations of young people used to do – they (virtually) don’t get married, they don’t buy houses, apartments, or cars and they […]Continue reading →
The Rabid Independent
This site is devoted to finding solutions to America’s problems and commenting on public issues. Partisan noise is ignored or mocked. Let’s create our own post-partisan reality where reason wins.
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