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Archive for 25. Februar 2019

Donald Trump’s real target is not illegal immigration but diversity

Posted by hkarner - 25. Februar 2019

Date: 24-02-2019
Source: The Economist: Lexington

That battle is already lost

When juan garcia started work as an urban planner for the government of Gaston County in 1997, he reckons he was the only Latino among its 1,400 employees. Hub of a dying textiles industry, on the western edge of Charlotte, the county was missing out on the boom already rippling through the periphery of North Carolina’s most dynamic city. For that reason Gastonia, its altogether less zippy capital, was not seeing many of the Mexican immigrants then pouring into the state, to labour on the building sites erupting in Charlotte and revive the poultry industry in Union County, east of the city. But this was about to change.

Finding opportunities overlooked by others in Gastonia’s run-down factories and mills, migrants started settling in the town’s trailer parks and poor black neighbourhoods. Its Hispanic population soared, to around 6,000, or 9% of the total, within a few years. This caused friction with Gastonia’s white majority, recalls Mr Garcia, who was born in Colombia. “Mexicans like to get physically closer when they’re talking to you than Anglos do. They might slaughter a chicken in their yard. They play loud music there.” But the ill-will rarely went beyond grumbling about the migrants’ poor English. Some in Gastonia said this reflected the much deeper tensions in the South between whites and blacks. Resentment of immigrants was only a brief distraction from that main drama. In any event, the migrants, many of whom had either moved from Texas or come directly from the Rio Grande, expected no favours. “So long as you treat people the right way, you’re all right,” shrugged Elvira, who came to North Carolina to pick tobacco 25 years ago and now works at the “Las Americas” supermarket in Gastonia.

The influx of Hispanics to the town, and hundreds of unfashionable cities like it, illustrates how much they have changed America over the past three decades. The Hispanic population has risen ninefold since the 1960s, to around 60m. Its members, many of them second- and third-generation immigrants, are dispersing across the country, driving growth and changing the social fabric wherever they go. While the white population is on the cusp of declining, most states have flourishing Hispanic communities. North Carolina, which had around 40,000 Hispanics in 1990, now has almost a million. The high growth rates it has meanwhile sustained owe a lot to this migrant infusion. Den Rest des Beitrags lesen »

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Misreading China’s Strength

Posted by hkarner - 25. Februar 2019

Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm’s chief economist, is a senior fellow at Yale University’s Jackson Institute of Global Affairs and a senior lecturer at Yale’s School of Management. He is the author of Unbalanced: The Codependency of America and China.

With the Chinese economy slowing, the US believes that China is hurting and desperate for a deal to end the bilateral trade war before it resumes after March 1, when the current 90-day truce expires. But the two economies’ longer-term fundamentals compel a very different verdict on relative strength.

NEW HAVEN – US President Donald Trump’s administration has underestimated China’s resilience and strategic resolve. With the Chinese economy slowing, the US believes that China is hurting and desperate for an end to the trade war. But with ample policy space to address the current slowdown, China’s leadership has no need to abandon its longer-term strategy. While a cosmetic deal focused on bilateral trade appears to be in the offing, the sharp contrast between the two economies’ fundamental underpinnings points to a very different verdict regarding who has the upper hand.

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The AI Road to Serfdom?

Posted by hkarner - 25. Februar 2019

Robert Skidelsky, Professor Emeritus of Political Economy at Warwick University and a fellow of the British Academy in history and economics, is a member of the British House of Lords. The author of a three-volume biography of John Maynard Keynes, he began his political career in the Labour party, became the Conservative Party’s spokesman for Treasury affairs in the House of Lords, and was eventually forced out of the Conservative Party for his opposition to NATO’s intervention in Kosovo in 1999.

Estimates of job losses in the near future due to automation range from 9% to 47%, and jobs themselves are becoming ever more precarious. Should we trust the conventional economic narrative according to which machines inevitably raise workers‘ living standards?

LONDON – Surveys from round the world show that people want secure jobs. At the same time, they have always dreamed of a life free from toil. The “rise of the robots” has made the tension between these impulses palpable.

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