Who sent American jobs overseas?
The movement of some jobs overseas elicits loud complaints in election years. There are calls to rescind NAFTA, even though after it passed the number of jobs in both the US and Mexico increased. Economics is not a zero-sum game, as politicians would have you believe. The trick is to develop pro-growth policies, such as free trade, which increase the general wealth, even though some people get hurt, as jobs flow to where they can be most economically done. But, who is really responsible for anti-growth policies that create the economics to make jobs move? George Bush? Guilty. Bill Clinton? Guilty. The Democrats in Congress? Guilty. The Republicans in Congress? Also guilty. Every president back to FDR? All Guilty. Me? Guilty. Hey, hold on, pal! How can I be guilty? I dont own a business, never moved a single job. Ill explain my guilt, but first a simple lesson in economics. Every economically-rational business seeks to maximize revenue and minimize expenses. Even government agencies and
