Let’s Admit It: Globalization Has Losers

http://www.nytimes.com/2011/10/16/opinion/sunday/lets-admit-it-globalization-has-losers.html?_r=1&scp=1&sq=globalization&st=cse

Globalizations creates both winners and losers. This can be seen clearly in the auto manufacturing sector where the American workforce has been greatly reduced while the Mexican, Indian, and Chinese workforces have been increasing because labor in those countries is much cheaper. Instead of trying to create more jobs for Americans in the manufacturing sector by starting wages very low, the focus should be on expanding industries in which the U.S. is ahead now, like service industries such as education, entertainment, digital media, and financial services. Education is also an important part of being a "winner" in the globalized world. Although the U.S. government should not take complete control of private industry, it should help to create more "winners" by, for example, using tax incentives to encourage new companies to create new high paying jobs, providing visas to entrepreneurs, and  making public financing markets easier to access.