It was a great talk.
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Wait a few years, there will be a series of paper on "Trump's trade war shocks" each one contradicting the findings of the previous one. In the process, some people will receive accolades and tenure.
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Haven’t read the paper yet, but wouldn’t it be reasonable to assume that effect is endogenous?
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However the people who got jobs in the new non-manufacturing industry were not the same people who lost there manufacturing job.
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But Alex’s point is the number people who lost their manufacturing jobs in the first place is much lower than commonly thought. Their manufacturing job became a non-manufacturing job for statistical purposes.
End of conversation
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For high human capital areas.
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How do you know people didn't lose jobs at the same time. (Haven't read article yet.)
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