Peterson Institute’s Posen: Focus on Domestic Manufacturing Is Simply a ‘Fetish for Keeping White Males with Low Education in the Powerful Positions’

POSEN I m sure ░░░░░░░░ m gonna piss off ░░░░░░░░ left and right so ░░░░░░░░ apologize The fetish for ░░░░░░░░ is part of the ░░░░░░░░ fetish for keeping white ░░░░░░░░ of low education outside ░░░░░░░░ cities in the powerful ░░░░░░░░ they re in in ░░░░░░░░ U S And that ░░░░░░░░ really what s going ░░░░░░░░ here because when you ░░░░░░░░ at the cost of ░░░░░░░░ and Susan Houseman and ░░░░░░░░ co authors have not ░░░░░░░░ of training and job ░░░░░░░░ and community Susan Houseman ░░░░░░░░ her co authors have ░░░░░░░░ a lot of work ░░░░░░░░ this and I m ░░░░░░░░ she ll have a ░░░░░░░░ view than I do ░░░░░░░░ when I look at ░░░░░░░░ so called costs of ░░░░░░░░ China shock or the ░░░░░░░░ of the decline in ░░░░░░░░ I always think compared ░░░░░░░░ what For decades there ░░░░░░░░ enormous displacement of African ░░░░░░░░ in this economy Every ░░░░░░░░ there was a recession ░░░░░░░░ American unemployment rate shot ░░░░░░░░ much faster and higher ░░░░░░░░ white unemployment rate Single ░░░░░░░░ were methodically excluded from ░░░░░░░░ workforce especially if they ░░░░░░░░ parents or get out ░░░░░░░░ particular sets of jobs ░░░░░░░░ the economy well through ░░░░░░░░ 70s and to the ░░░░░░░░ Displacements on large scales ░░░░░░░░ happen when technology or ░░░░░░░░ broke through like all ░░░░░░░░ secretaries who got replaced ░░░░░░░░ personal computers and other ░░░░░░░░ of office animation not ░░░░░░░░ automation excuse me And ░░░░░░░░ kinds of turn as ░░░░░░░░ economists put it never ░░░░░░░░ decried They never got ░░░░░░░░ attention They never got ░░░░░░░░ notice But when it ░░░░░░░░ being the white male ░░░░░░░░ people in the so ░░░░░░░░ heartland which by definition ░░░░░░░░ not urban then suddenly ░░░░░░░░ was a crisis.”