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Trade deals have brought cheaper goods. They’ve also destroyed millions of US jobs and caused US wages to stagnate
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Scooped by Graham Watson |
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Normally, economists are in favour of free trade arguing that it brings with it more benefits than costs. That's not the view of Robert Reich who seems to argue that this ignores the distributional effects of trade which have seen companies and their shareholders benefit and US workers lose out - with fewer jobs and lower wages. Indeed, he argues that the former should have compensated that latter.