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Changing views on trade's impact on inequality in wealthy countries

The consensus view until the 2010s was that trade had little impact on inequality in high-income countries. This column reviews the recent evidence that challenges this view. Manufacturing employment contracted sharply in countries like the US and the UK which faced rapid net import growth from China. The resulting, persistent adverse effects on employment and incomes of
New York United States United Kingdom Paul Krugman Gregory Mankiw Society For Economic Dynamics
Source: voxeu.org

MSNBC First Look August 22, 2019 09:30:00

Practices, he, quote, underested the harm from the trade shocks. supply chains cannot be rebuilt in under a year. in all, they cant make proper decisions if they dont know what trade policy will be in a year. so president trump continues to practice policy gymnastics over the potential for payroll tax cuts. the president floating the idea followed disputing that very same idea. >> payroll taxes, ive been thinking about payroll taxes for a long time. whether or not we do it now or not is -- it ...
Quote Nasty Supply Chains Trade Shocks Underested The Harm Bad Practices Al L

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