A Comment About

Why Tariffs and Quotas Don’t Work

February 29, 2008 - 1:29 am - by Tim Worstall
OmegaPaladin
2008-02-29 02:30:23

The problem with outsourcing is a matter of self-sufficiency and a large worker pool for a limited consumer market. I’m not an economist, but I would imagine that having tons of cheap labor for the same demand as before will drive wages down and reduce job opportunities.

Free trade is not all sweetness and light. It is an imperfect solution that can often be better than the alternatives.