Re: Brexit
I'm actually interested in seeing what happens, I view this as a little test tube for Trump's views on trade. We all know that jobs are good in industries that are creating automation - computer programming, you're doing great. But if your industry is subject to job loss due to automation, then it sucks to be you.
It's the middle class that's taking that hit. Some jobs just won't be automated though - you still need people to perform some form of manufacturing tasks. Call centers like I mentioned.
This is all about protecting those jobs. This will position Britain to use protective trade policies that incent companies to keep more of these jobs in Britain.
The economy will take a hit in the near term in the form of higher prices, which hurts everybody. But in an era when automation is eliminating so many jobs, I wonder if it isn't worth it.
My old Adam Smith free trade economic mindset says this is a bad thing, but Adam Smith never saw so many jobs being done by computers and robots. This might be the only way to keep middle class folks employed adequately.
If we follow suit and elect Trump, it's China's economy that will suffer the most. We'll have high prices in the beginning, but they'll lose all those manufacturing jobs coming back to the states.
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