Nancy Folbre: How to Cut Skilled Labor Costs –

An orthographic projection of the world, highl...

God help the middle class
God help the middle class (Photo credit: maistora)

This is an excellent article by Professor Nancy Folbre in the Economix column in the NYT. It is recommended reading. Check it out!

Nancy Folbre: How to Cut Skilled Labor Costs –

For me, the article was very effective in analyzing the impact on jobs in the US of globalization. Simply, to keep costs down, companies are both exporting  jobs and importing of skilled foreign labor. It focuses upon the implications for the large number of US graduate unemployed.

More importantly, the implications of the article are generalizable, in my view. The article should be of interest around the World to:

Economix Blog header

Economix Blog header (Photo credit: John Niedermeyer)

  • Policymakers
  • Businesses
  • Professionals
  • Parents
  • College students
  • Journalists

As a passionate believer in free trade and globalization, when I look at Europe, there is still enormous potential to reduce costs and improve the quality of life. This includes both the Private and Public Sectors, and most especially international bureaucracies, like the EU.

What do you think?

Enhanced by Zemanta

7 responses

  1. Pingback: Defining Middle Class – « Dr Alf's Blog

  2. Pingback: Nancy Folbre: The Twilight of the Public Corporation – « Dr Alf's Blog

  3. Pingback: Behind the New View of Globalization – Economix – « Dr Alf's Blog

  4. Pingback: Big Income Losses for Those Near Retirement – Economix – « Dr Alf's Blog

  5. Pingback: Nancy Folbre: Writing Off Poor Children – Economix « Dr Alf's Blog

  6. Pingback: Demographic Changes a Key Factor in Slowing Economic Growth – « Dr Alf's Blog

  7. Pingback: What the Jobs Numbers Mean for Fed Policy – « Dr Alf's Blog

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: