The real reason manufacturing jobs are disappearing | Augie Picado

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4.1 • 11.9K Ratings

🗓️ 14 September 2017

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

We've heard a lot of rhetoric lately suggesting that countries like the US are losing valuable manufacturing jobs to lower-cost markets like China, Mexico and Vietnam -- and that protectionism is the best way forward. But those jobs haven't disappeared for the reasons you may think, says border and logistics specialist Augie Picado. He gives us a reality check about what global trade really looks like and how shared protection and open borders help us make higher quality products at lower costs.

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Transcript

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0:00.0	This TED Talk features border specialist, Augie Piccato, recorded live at TED at UPS 2017.
0:09.1	When someone mentions Cuba, what do you think about?
0:13.9	Classic cars, perhaps good cigars.
0:18.3	Maybe you think of a famous baseball player.
0:20.3	What about when somebody mentions North Korea?
0:22.6	Do you think about those missile tests?
0:24.6	Maybe they're a notorious leader,
0:26.6	or his good friend, Dennis Rodman.
0:30.6	One thing that likely doesn't come to mind
0:32.6	is a vision of a country,
0:34.6	an open economy whose citizens have access to a wide range of affordable consumer products.
0:44.0	I'm not here to argue how these countries got to where they are today.
0:48.7	I simply want to use them as an example of countries and citizens
0:52.3	who have been negatively, negatively affected,
0:55.4	by a trade policy that restricts imports
0:57.6	and protects local industries.
1:00.9	Recently, we've heard a number of countries
1:03.7	talk about restricting imports
1:05.7	and protecting their local domestic industries.
1:09.0	Now, this may sound fine in a soundbite,
1:12.6	but what it really is is protectionism.
1:15.8	We heard a lot about this during the 2016 presidential election.
	...

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