Jayden
Nyman
IST
1100
Module
6
Freidman
explains free trade by using David Ricardo’s theory which states, “If each
nation specializes in the production of goods in which it has a comparative
cost advantage and then trades with other nations for the goods in which they
specialize, there will be an overall gain in trade, and overall income levels
should rise in each trading country.” Freidman argues that Ricardo is right,
and that more American individuals will benefit if we don’t erect barriers to
outsourcing, supply chaining, and offshoring than if we were to allow the barriers.
I believe that supply chaining is very important because it allows jobs to
potentially be created. This is very important, and with lower trade barriers I
would believe that jobs would be easier to come by. Free trade also creates
more savings and investment opportunities because of the increase of money and
profit that the trade brings in. This is very important because it allows for a
better retirement, as well as allows America to give out higher paying jobs. I
know that I will want to have benefited from a higher savings and investments
when I’m ready to retire.
Traits
that would make up a “new middler” would be “special or specialized.” For
example, Friedman says they are the “untouchables”, like Michael Jordan, or
Madonna because they are very “specialized” and can’t be copied or matched. Like
Michael Jordan, he is looked at as the best to ever play basketball. Not just
anybody can copy what he has done, or ever will, this is why he is
“specialized.” In order to be a “new middler”, they have to be classified with
a middle class job, but only newer. Second are people who are localized and
anchored. These people are considered “untouchables” because their jobs have to
be done a specific way or in a specific area or place. This could be a plumber,
or even your family dentist. The third category includes middle class jobs that
would include things such as security analysis, or even radiology. Freidman
called these the “old middle” jobs. These jobs are now fungible and tradable
because of the ten flatteners, and many of the jobs are now under pressure from
the flattening of the world.
Describing
the CQ plus PQ is greater than IQ is quite easy. Freidman describes IQ as the
intelligence quotient, CQ as the curiosity quotient, and then PQ as the passion
quotient. Friedman argues that IQ matters, but CQ and PQ matter even more. He
gives an examples stating, “Give me a kid with passion to learn and a curiosity
to discover and I will take him over a less passionate kid with a high IQ every
day of the week.” I completely agree with his idea of the entire formula.
Everything he said in this chapter makes sense, and I would definitely take the
kid with passion and curiosity over someone with only a high IQ. Curiosity in
some shape or form is what has lead to some of the great inventions that we
have come to know and love. This is why the formula is very important, because
we need curious and passionate people in our society working to create better
more efficient ways of living.
What
I have read in these chapters has really engaged me to look farther into the
essay questions. Free trade, “new middlers”, and CQ+PQ>IQ are all very
important topics. These are all things that will help promote a better world
around us, as well as change the way that our world operates for the greater
good.