Rodney Webster wrote:
> In article <3F099625.7010801@hotmail.com>,
>  Declan Murphy <declan_murphy@hotmail.com> wrote:
> 
>>That the remaining workers are displaced is by the by. And if the price 
>>of imported cotton was cheaper than what could be mechanically harvested 
>>in Australia, the US etc then domestic cotton growing should also be 
>>unceremoniously dumped in favour of imports. The workers would soon 
>>enough find employment elsewhere.
> 
> They would?

Yes. Some would do it harder than others, particularly in some regions 
(I never forget Tasmania, rural Ireland or BF Nymagee) or demographics, 
or if labour mobility was low (for all of which is why I've always 
supported a welfare net and structural adjustment funds), but the 
eventual outcome is always "Yes".

How can you be so sure there is a surplus in jobs?  Have
> you found some magic method for getting rid of unemployment?

I didn't say "a surplus in jobs", just an equilibrium at NAIRU. And as 
much as I would like to, I don't think I can claim to have found the 
magic method if comparative advantage was outlined by David Ricardo in 1817.






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