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Politics : Foreign Affairs Discussion Group

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To: craig crawford who wrote (21171)	3/11/2002 7:08:10 PM
From: TimF	Read Replies (2) of 281500

do you want to talk about how free trade lowers wages for the american worker, destroys entire communities and causes job losses If this isn't off topic and if people are interested I'd rather focus on this part because its a little easier to deal with questions like "are jobs lost?", then it is to deal with questions like "is free trade patriotic?". The first question is a little more concrete the second is more purely a matter of opinion. Eliminating trade restrictions does indeed eliminate some jobs and lower wages in others, but at the same time it is increasing jobs in some areas and increasing wages in others. Also it helps contain inflation so that even if average nominal wages where the same overall real wages would be higher. Yes some people lose out when restrictions on trade are eliminated but typically the cost to the rest of the economy is greater then the benefit that a few people get from these restrictions. When trade is heavily restricted then resources are used less efficiently. When the restrictions are removed then total output (and thus total wealth) is increased. Tim

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