LOS ANGELES — For once, let's look at the other side of the coin regarding the constant drumbeat that Asia is causing American workers to lose jobs.
That happens to be true, but only in one sense. Because many economies in Asia have a competitive advantage in the cost of their labor — i.e., lots of people there tend to work longer and harder for a lot less money than workers elsewhere — some economic ventures can flourish much more cheaply over there.
So the bad side is that some people in the United States have to look for new work when the jobs they are doing are doable for less money in Asia.