Open market create jobs

I saw an ad on CNN from the International Chamber of Commerce. It said, "Open Markets Create Jobs". I reflected on this message. It is a strong, appealling message, but is it true?

It is certainly true in some respects. The jobs are created in developing countries. But it came at a big price for these countries.

Look at what is happening in China. Many workers found that the wages could not keep up with the cost of living. They are taking industrial action and go on strike. This would be unthinkable in a communist country where the trade unions are under the control of the Government. But, it is happening, and the Government seemed to find it difficult to maintain the industrial harmony.

The jobs that went to the developing countries were at the expense of the same jobs that were lost in their home countries. Looking at the global picture, the number of jobs may not have increased. Instead the wage cost has come down, and that allows more profit for the capital owners.

These jobs were also made at the expense of public sector jobs that could improve the quality of life for the people, i.e. teachers, health care, community services, etc. With globalisation, more people are now working in jobs that product material goods, at the expense of public service jobs that help to make a balanced, better life for the people.

We need a new way of looking at jobs in its totality. If the trend continues as it had for the past two decades, we will have a less stable a less happy environment.

Tan Kin Lian