Tuesday, May 10, 2005

Global Competition and the No Child Left Behind Act

The relationship of the No Child Left Behind Act to rising global competition for work. Economists speak of a developing “level playing field” as jobs move to countries like China, India and Pakistan where well-trained, English-speaking workers attract cost-cutting, profit-seeking American corporations. But the level playing field isn't, because the cost of living and wages are so much lower everywhere other than U.S., and America is adjusting to the new competition by cutting wages, without addressing cost of living issues at all. See: http://www.nytimes.com/2005/05/06/opinion/06friedman.html?n=Top%2fOpinion%2fEditorials%20and%20Op%2dEd%2fOp%2dEd%2fColumnists%2fThomas%20L%20Friedman Is it the beginning of the end of work altogether for Americans, and if so, what will we do, other than join military contracting firms to do international police work? Interestingly, today's flooding of America with cheap Chinese textile imports (killing the textile manufacturing base in the American South) is one example of the "goes around, comes around" phenomenon. The Industrial Revolution of the mid-1800s saw the reverse: machine-made textiles flooded the Far East, destroying the livelihoods of craftspeople there. It's payback time.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home