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Globalization - the irrational fear that someone in China will take your job
Bruce Greenwald and Judd Kahn, Wiley, Multco 337 G816g 2009
As I write this, fear of job loss to China has been replaced by fears of job loss to robots, but the same paranoia is engaged. Don't be a robot (or worse), and a robot will not take your job. Nor will an unskilled Chinese peasant take your job, unless you do work that any unskilled non-English-speaking peasant can do. The cure? Learn something useful, and keep learning
002 Norman Angell The Great Illusion, 1909, claimed interdependence reduces state rivalry. WW1, oops. Thomas Friedman says the same in The World is Flat in 2006.
- 003 globalization peaked between 1910 and 1920, then declined for the next 30 or 40 years. 1920 peak at 18%, 1950 13%, 2000 30%
008 Employment Historical Statistics of the United States
GDP |
1950 |
1970 |
2000 |
Manufacturing |
32% |
|
16% |
Agriculture |
14% |
|
7% |
Government |
10% |
16% |
12% |
Financial |
9% |
|
20% |
Services |
9% |
|
22% |
- 011 Most services remain rooted
- 012 Foreign radiologists are very few, mostly off-hours stuff in Australia, Switzerland, and the US
- 0