Trade With China Is Great For Low-Income Americans

Trade With China Is Great For Low-Income Americans by David R. Henderson, Foundation For Economic Education Trade With China – Cheaper Goods Help People with Less to Spend In a recent post, I challenged Mark Kleiman’s view that low-income people do not benefit at all from international trade. He wrote: But the bottom line is that all of the gains, not merely from trade but from economic growth, have been concentrated in the hands of a relative few. That struck me as highly unlikely, and I gave my reasoning about why. Commenter Aaron McNay pointed out evidence that I understated the…