For years, the purveyors of respectable opinion assured us that there was no need to worry about the economic dislocations caused by free trade, because such dislocations would be comparatively minor and temporary. In fact, as Gwynn Guilford notes in an important new article at Quartz , even academic economists are beginning to conclude that imports from China cost up to 2.4 million American manufacturing jobs between 1999 and 2011 and that "offsetting employment gains in other industries never materialized."
Now that they are faced with clear evidence of substantial and long-lasting job losses in the manufacturing sector, the same […]
Full Post at www.chroniclesmagazine.org