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Union Sundown - Bob Dylan
by Brian ORoark `

Trade is all about taking advantage of what you do better than someone else.  These comparative advantages lead to a reallocation of production resources.  Bob Dylan seems to find the outsourcing of jobs to other countries to be a bad thing, and for union members it is.  However, this dismisses the reality that low cost labor is the comparative advantage of some places. 

This Commentary is related to the following Clips:
Union Sundown - Bob Dylan by Bob Dylan (1983) Trade is all about taking advantage of what you do better than someone else. These comparative advantages lead to a reallocation of production resources. Bob Dylan seems to find the outsourcing of jobs to other countries to be a bad thing, and for union members it is. However, this dismisses the reality that low cost labor is the comparative advantage of some places.