NP - The Myth of a Jobless Recovery

[Michael Bailey]

 alice wellintown evoked, without most likely meaning to, another
brief and respectful response from me:

>

> and Europe. But the low wages in the emerging economies give those
> economies an advantage, cheap wages. Why take it from them? They will
> not emerge if you do. They will sink into oblivion and weakness.

is it not more likely that they will sink into oblivion and weakness
laboring in penury and pollution and oppression for foreign investors,
paying an extremely dear opportunity cost in their servitude?  The
Mexican economy hasn't benefited greatly from NAFTA, to give one among
a plethora of examples.