The call to rein in globalization reflects a belief that it has eliminated jobs in the West, sending them East and South. But the biggest threat to traditional jobs is not Chinese or Mexican; it is a robot. Angus Deaton More Quotes by Angus Deaton More Quotes From Angus Deaton Despite broad public support, raising the minimum wage is always difficult owing to the disproportionate influence that wealthy firms and donors have in Congress. Angus Deaton always difficult support influence Broadly shared progress can be achieved with policies that are designed specifically to benefit consumers and workers. And such policies need not even include redistributive taxation, which many workers oppose. Rather, they can focus on ways to encourage competition and discourage rent-seeking. Angus Deaton need progress competition focus Policies aimed at reversing globalization will lead only to a decrease in real income as goods become more expensive. Angus Deaton will globalization real expensive It is true that globalization has fueled greater income inequality. But much of this increase should be welcomed, not condemned. There is nothing inherently bad about inequality. Whether it is bad depends on how it comes about and what it does. Angus Deaton true nothing bad globalization International development aid is based on the Robin Hood principle: take from the rich and give to the poor. Angus Deaton hood rich poor development
