View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: TimF	3/3/2008 2:51:23 PM
	Read Replies (2) of 542598

Why Politicians Are Wrong about Imports and Jobs Politicians commonly blame imports for throwing millions of Americans out of work. If you don’t believe me, check out what Hillary Clinton and Barack Obama both said about trade in their post-Wisconsin-primary speeches Tuesday night. It’s true that a certain number of Americans lose their jobs each year because of import competition, but the number is small compared to the overall size and underlying churn of the U.S. labor market. And jobs lost from import competition are more than offset by jobs created elsewhere in the economy. And if you don’t believe that, check out my recent Cato study, “Trading Up.” Adding to the evidence, the recently published Economic Report of the President 2008 contains a nifty graph on page 94. It shows that during the past 25 years, as imports have been trending inexorably up as a share of our economy, the unemployment rate has been trending DOWN. As the graph’s own caption concludes, “Over the long run, there is little connection between increased imports of goods and services and the strength of the labor market.” posted by Daniel Griswold on 02.21.08 @ 10:45 am cato-at-liberty.org

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next