BLOOMBERG Bloomberg Best April 2, 2016
It is all about people losing jobs and sometimes thinking they lost jobs to people abroad. Makes a point that while economists are almost , there is free trade a reality that people lose their jobs through jobs going abroad. Lowwage jobs are moving to places like china where things can be produced more cheaply. Things are moving out of china to vietnam where they can be produced more cheaply still. They had these programs where workers are compensated when they lose their jobs to trade but they have not been that effective. To economists, the idea is when you loose your job to trade, if the ma...