Originally Posted by
PasserOGas
Globalization makes the argument that it's better for comsumers. Lower prices help the public! The problem is when applied to the whole economy the comsumer base dries up as all thier jobs are shipped overseas. Economists would say new jobs will form in response. That hasn't happened. With the help of H1b visas there aren't any jobs that can't be outsourced. Even if you need to bring the cheap labor here to do it. It's great as a business owner, not so much if you get paid a wage. I think people are waking up to this.
Globalization was a political choice we made. It hasn't worked, unless you were already rich. Time to roll it back.
Globalization is a choice necessitated by capitalism and free markets. Competition will always put downward pressure on the price as competing firms compete for market share. This in turn has each firm looking to put downward pressure on their costs (in this case, fuel, parts, labor, etc).
The only way to keep this from happening is massive government intervention and protectionist policies. There is a difference between "fair trade" and "protectionism," which is lost on most people.
Interesting argument you make stating that new jobs are not created. However, if we look at data published by the US Bureau or Labor Statistics you will not find evidence to support your claim. Arguments are great backed by facts, but if they are not they are just empty words.
H1B Visas are temporary and limited, with a few exceptions, to 65,000 per year. Most of these white collar visas are granted in engineering and tech sectors. I'm trying to find data for how many are in the aviation sector (pilots in particular) and I'm not able to come up with a figure. My guess is that it has been few, though it could increase with the mass retirements coming.
What "Rollback" are you speaking of? What would you like to roll back? Kick out NAI? Emirates flies flights into the U.S. Kick them out. Cathay Pacific? Kick them out. Qatar. Out. Then these actions are reciprocated. Do you want to know who the winners are losers are in a trade war in this scenario? I can't begin to list all of the losers, but I can assure you US based pilots are on that list. Guess who the sole winner is? Anyone who has shorted any of these airline stocks.
Globalization, trade agreements, etc. all have winners and losers. It is impossible to have a policy that is beneficial for 100% of a country's population or a particular industry. What does happen is countries begin to focus on industries where they can be most productive and output (GDP) increases on both shores. This is a great fact on the whole, but those that are harmed by it find little solace in the fact that their country is better off.