There has been a lot of talk of late – especially fired up due to the US presidential election – over the loss of manufacturing jobs. It is not a new phenomenon, after all Bruce Springsteen was singing in 1984 that “these jobs are going boys and they ain’t coming back”. And while the blame is easily laid at the feet of trade, figures from the USA show that the bigger reason is automation – and it will not be limited to manufacturing.
One of the problems with Trump’s narrative that free-trade agreements have been the major cause of job […]
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