Demagoguery vs. Data On Manufacturing Employment In America

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Manufacturing Employment

Manufacturing Employment Demagoguery vs. Data On Employment In America by Tyler A. Watts, Mises Institute Demagogue politicians love to play on popular fears that low-wage foreigners are “stealing” good paying American jobs by way of outsourcing and globalization. The claim is made by nativists and protectionists of all political stripes, whether leftists complaining of a “rigged economy” or rightists speaking of other countries “beating us” economically. A sound economic analysis of the claim about job losses due to international trade should address two questions: First, is it true that the US has lost jobs due to trade (or other factors)?…

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