Labor Migration and Wage
Me: Free movement of labor across borders drives down wages in developed countries because it increases the supply of labor. Him: I'm just curious what you would tell some aspiring,…
Globalism, Increased Labor Supply, and Lower Wages
Antonio Graceffo, PhD. Manufacturing is crucial because it provides well-paying jobs for uneducated Americans and because we need an independent industrial base and supply chain. If we go to war…
Globalist Mantra “Everyone Wins”
By Antonio Graceffo, PhD. The globalists have infiltrated our education system and our universities to such an extent that even economics textbooks and trade textbooks are pushing globalism and like…
Real Versus PPP-Voodoo Calculations
Globalist economists tend to use purchasing power parity (PPP) when measuring the size of an economy or the salaries of people around the world. And while PPP has its place,…
Globalism and Factory Jobs
Scenario in favor of globalism: A factory worker loses his/her job because of globalism. He/she then goes to Target to buy plastic flipflops and realizes they are twenty-five-cents cheaper and…
Globalization Tax
The argument in favor of globalism: Although some people in a country will lose their job, everyone is better off because they will have access to cheaper goods. And the…
Chinese Imports Funding PLA
If we stop imports from China, that hammer you bought at the hardware store, instead of costing $8 will cost $10, but your neighbor gets to keep his job and…
Shanghai Lockdowns Illogical
China has locked down Shanghai and a number of other major cities, accounting for 40% of its GDP. This is so frustrating from Bloomberg, "The growth outlook hinges largely on…
US Keeps Trump-Era China Policies
As much as I am distressed over US domestic policy, I am pleased that the US has maintained most of the Trump-era China policies, in defense and trade, and that…
Corporate Virtue Signaling on Ukraine
Yum group said that they are pausing their company-owned KFCs in Russia. But, “Nearly all of Yum’s roughly 1,050 Russian locations are operated by franchisees." In some countries, the majority…