He's got a noble prize in economics, but he still get advice on economics. How different that is from the real life version of "I know more about "X" than anybody".
Because Bartlet has a Nobel (note the spelling) prize, and he was a professor of economics, but he was also the President the with other responsibilities; he's far too busy to keep up with all current developments in that specific field. A moron claiming he knows the most about any subject precisely wouldn't be seeking information from others on it, for that reason. It's very easy to claim knowledge about a subject, but such a claim is hollow in the absence of experience or education in it. This is particularly true for a subject like economics, which is a liberal art and not a science; the principles are timeless but procedures are fluid.
It's the Sveriges Riksbank Prize in Economic Sciences. Alfred Nobel thought natural science and literature, not economics, would contribute to world peace. But of course central bankers care about economics, so they endowed a prize and said it was "in Memory of Alfred Nobel ".
The initial story was that we'd export the manual labor and replace it with skilled labor. But since some of the countries we compete with have stronger education systems, lower costs of living, and less stringent (if any) minimum wage laws, companies started outsourcing some skilled labor positions too, such as programmers. This was covered in a later episode.
@@richarda29 Some of the countries with which the US competes (the European ones, for example) have much stricter employee-protection laws. According to the OECD, the US comes 29th in terms of real minimum wages.
@@blainemonaco2092 , Perot was a billionaire dilettante who was looking to exploit America for financial gain. But he was a piker compared to Trump, whom he inspired.
