Dean Baker wrote a great article yesterday, Why Do the Media Give So Much More Attention to Jobs We Lose Due to Environmental Restrictions Than Jobs We Lose Because of the Trade Deficit? And he actually answers half the question. I answer the rest.
The issue is that in the entire United States, there are less than 80,000 people who work in the coal industry. Is that a lot? Well, there are roughly 138 million jobs in the country. So that’s less than 0.06% of our work force. It would seem that this is not an industry that we should be all that concerned about. What’s more, as I discussed on Tuesday, because of changes in the way the coal industry is managed, coal jobs have been disappearing for decades. Baker noted that during the eight years from 1985 to 1993 (You know: the Reagan and Bush years!) the coal industry cut 80,000 jobs. And that was when there were fewer people in the work force and so the jobs lost was a bigger deal. As Baker noted, “I don’t recall anywhere near the same focus on this far more serious hit to coal country.”
Meanwhile, our country has seen a sharp rise in its trade deficit. This deficit is due to our strong dollar. It is cheaper for us to buy imported products and more expensive for other countries to buy our exported products. The increase in the deficit represents roughly 700,000 jobs, by Baker’s estimate. That’s in one year. Yet what is everyone talking about: the fact that some coal jobs will be lost because of new power plant regulations—regulations that will take effect over the course of 16 years. So even if all the coal jobs were lost (and they won’t be—not even close), that would be a loss of 5,000 jobs per year. This is an amount that likely could be accommodated by attrition alone. Regardless, this is less than one percent of the jobs lost due to our trade deficit.
So why does this get so little attention? Simple: the strong dollar is great for the rich. If you already have money, it is best that the money be worth as much as possible. But if you aren’t rich and don’t have a job, a strong dollar is bad. But it is worse than that. Baker pointed out that certain businesses you’ve heard of depend upon a strong dollar so they can continue to sell cheap imported goods to the working poor:
Of course, this alone doesn’t explain why journalists aren’t interested in the subject. To understand that, you have to look to Chris Hedges in Death of the Liberal Class. The upper middle class who are our journalists and economists are supposed to be the ones who make the democracy work. They are supposed stop the excesses at the top. They are supposed to keep inequality in check, for example.
As a class, that’s what they’re paid for. But over the last four decades, they’ve fallen down on the job and allowed our country to become effectively a plutocracy. That’s why our mainstream journalists focus on tiny issues, getting the people worried about an issue (eg coal) that is really all about how much money owners will make in profit. And that’s why the mainstream journalists ignore huge issues, letting the people stay ignorant of an issue (eg the trade deficit) that is hurting the people themselves.
I am not saying, however, that the journalists know they are doing this. It is just that over the years, the culture of journalism has lost its way. Fundamentally, it is about laziness. The “liberal class” thinks it deserves its decent lifestyle. It has forgotten that those lifestyles were provided for doing real work. And that work was not to be the apologists of the rule elites.
Afterword
Just to be clear, Dean Baker is doing great work as an economist and Chris Hedges is doing great work as a journalist. But the vast majority of the economists and journalists are nothing but lazy apologists for the power elite.
On this day in 1883, the great economist
Ed Kilgore is right to noted that here in California we have a really stupid primary process, 
I just got back from work and I am exhausted. But I happened across a bit of Fox News and I saw Charles Krauthammer talking about what a bad precedent Bergdahl sets and how Israel had to release over a thousand terrorists for one guy. At first I thought, “Yeah, and that was a deal that the Israelis were willing to make to get Gilad Shalit back. Who are you to second guess them? They obviously thought it was a good deal!”
Charlie Savage and Andrew Lehren over at The New York Times wrote a really interesting article yesterday,
Okay, I’ll bite. You see, I have a bit of a problem. Last year, for the 
Well folks, sometimes other things intrude on my normal life stuck here in front of this computer screen. Today, it was a rather large “emergency” project for a company that found the network and phone system in their new office not working. I love that kind of work. It’s always exciting to troubleshoot these kinds of problems. Of course, it would be easier if these people would just hire us to do the stuff from scratch. But there is something wonderful to go in and see an old and complex system. It’s like archaeology. You can see how it all started and how things were added over time. And step by step they take a well designed system and turn it into a nightmare.
There is a term that I’ve been using for a long time, and last week at The Nation in an article
Dean Baker wrote another one of those blog posts, 
It is such a difficult choice for birthdays today.
Well, it is election day here in California, and I suppose I should tell you how I’m voting, because that’s what I do. None of this should be shocking. And it is kind of a boring election. Partly, this is true simply because I think that things are going reasonably well in the state. But going through everything has really made me realize that I need to pay more attention to what’s going on in education in this state. There is so much money to be made off educating California’s children, I have real questions about a lot of the people who are swarming around trying to “help” failing schools. Of course, I think the whole school reform movement is a joke anyway and I have radical ideas about education—namely that it shouldn’t be about providing the best labor force for the economy. We are educating citizens, not factory workers, or even worse, grill managers.