Last year, Princeton economist Alan Blinder published a much-discussed study predicting that up to 42 million American jobs are "potentially offshorable" because they revolve around services that "are easily deliverable through a wire" (ie. the Internet). Blinder's report fed a fear that now dominates local politics — the fear that if a state or city enacts any kind of public interest laws, businesses will quickly move away.

This fear has obstructed populist l ...

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