Since POTUS is busy lying about NAFTA costing the US "thousands of businesses and millions of jobs," I'd like to remind everyone the real cause of manufacturing job loss is automation, not trade. Harder to demagogue, but ultimately a bigger problem. Check out this graph: 1/x
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Nevermind the simple fact that consumer demand has also played a part in driving trade policies anyway making NONE of it the absolute result of "oh well, I guess we got stuck with bad trade deals".
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Like our trade deficit "problem" (that's not actually a problem). Americans could choose to stop buying foreign-made goods tomorrow. But we don't want to.
(And why should we when it comes to things that are cheaper and better?)
End of conversation
New conversation -
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Not sure I agree. While automation may be a factor, the jobs lost by NAFTA are jobs that need to be done by people. If not for off shoring jobs, manufacturing jobs may have matched output.
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This is a great thread, Nicholas. It's concise and well-explained. If only these simple facts could be absorbed by
#MAGA .Thanks. Twitter will use this to make your timeline better. UndoUndo
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