The popular discourse on globalization is that it results in the export of American jobs overseas. You hear this refrain during campaign season, as politicians promise to “protect American jobs” and to eliminate tax breaks for companies that “export American jobs.”
But like many campaign sound bites, this message misses the complexity of globalization and its impact on jobs in the United States. This video, produced by the New York Times, illustrates the challenge of maintaining jobs in the face of low wage competition from the developing world while simultaneously arguing that globalization results in a shifting of employment, increasing the need for highly skilled employees. It’s a good way to complicate what can sometimes be a tired debate.
[This post was originally blogged at Politics Matters and is reposted here with permission].