Free Trade Por Favor
Manufacturing Flees China for Mexico, Everybody Wins
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  • lukelea

    “Finally, Americans can continue to buy low-priced goods at Walmart and other retailers, which helps improve our living standards here.”

    I believe the standard textbooks say the McJobs effect trumps the WalMart effect. In other words trade between low and high wage countries reduces the real wage (after factoring in changes in prices) in the high wage country. Look it up.

    • ShadrachSmith

      In thirty years unaugmented humans may very well be obsolete. But I’m still going to smile today at good news 🙂

  • Andrew Allison

    Not to mention the fact that Mexico is not in the habit of stealing the intellectual property of companies that set up shop there.

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