Globalization, or trade liberalization more specifically, walks a fine line between improving our overall quality of life and costing large groups of people their jobs. Just ask the automakers in Detroit. We know that people who lose their jobs to trade pay a higher economic penalty than those who lose them for non-trade reasons. A new OECD Observer article makes an excellent case for a compensation/adjustment program that doesn't distinguish between the two groups. Now to convince politicians to stop beating up on the outsourcing boogeyman and start providing meaningful support to job losers.
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