McCainonomics:

McCain says:

... we'll help make up part of the difference in wages between their old job and a temporary, lower paid one, while they receive re-training that will help them find secure new employment at a decent wage ...

which is great, since there won't be any bureaucracy or complex formulas involved. Because as free-traders everywhere agree, it's extremely easy to measure the impact on job status (employment, wages, benefits) that comes from things like NAFTA. It's much better than being protectionist, which has the unhappy result of making labor more valuable as a resource, empowering unions, and all the trouble for workers that result (better pay, pensions).

Bravo, John McCain - and all the economic neo-libs out there! (Hi, Brad DeLong!)


posted by Quiddity at 9/05/2008 06:41:00 AM