I’ve bored most people that I know about this by now. If I haven’t, let John Robb do it for me…
“If we think in terms of how rewards/resources are allocated if the global economy operates as a single entity and not many loosely joined parts… then the vast majority of US workers will soon find their wages/salaries normalized to global standards (to those with similar skills etc.). The result will be that the US, as collection of citizens will get poorer (or at best tread water until everyone else keeps up)”.
John Robb’s Weblog: Differentiation and competitive advantage
This is the biggest political challenge of our time. Until everyone is on the same level playing field (and has earnings directly related to their skills and not their birth place, inheritance, color or sex) those of us in the developed world are going to feel the heat.
However, I don’t personally know why we shouldn’t feel the heat. Morally, how can I say that I should be protected because of my place of birth etc.? We’re all human and all deserve the same chance.