Later On

A blog written for those whose interests more or less match mine.

Interesting comment on Krugman’s blog

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I thought this comment was worth pointing out:

Dr. Krugman, perhaps I’m paranoid — I’m certainly not an economist — but do you think it’s possible that some people don’t want unemployment fixed because they’re hoping to create a catastrophe that will result in the gutting of modern Western employment, environmental and consumer protection standards?

I ask because, through the late 90s and early 00s, I found myself in discussions with people who insisted that American and Canadian workers needed to learn “to compete on a global level.” When I would ask them what we could do toward that end, they were very vague. When I specifically asked if they meant to work for the same pay and benefits packages as workers in some other areas of the world; to accept workplace safety standards found in some other countries; to allow child labour; to get rid of pesky environmental regulations that interfere with corporate profits; to accept goods made with components known to be hazardous to health; they would simply smile and repeat that we needed to learn to compete on a global level.

It seems that allowing unemployment to spiral out of control would certainly go a long way toward bringing those conditions back to North America. There’s much talk of the burden we’re putting on our children if we spend more to create jobs, but what more horrible burden could we put on them than to erase decades of human progress?

— JoyfulC

Written by LeisureGuy

26 November 2009 at 11:38 am

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