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S Illinois | You don’t notice the benefits because they are diffuse and spread across all the good and services you use. You would never notice a 5% cheaper shirt or vehicle compared to the alternative. You wouldn’t notice the new tech job, vocational, small business startups filled by those displaced by the movement of low skill labor from US shores. No one argues for the consumer en masse. It’s much easier to see that factory close and assume that’s the sum of the trade. One has to look at the overall economy not small slices.
NAFTA didn’t start the movement of industries. Anyone remember the worries of Japan eating the US’s lunch when it came to manufacturing? | |
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Why will it be different this time?
