In early 2016 economists David Autor, David Dorn, and Gordon Hanson published an influential paper that highlighted some of the costs of global trade. They reviewed the literature and reported that trade with China had cost the U.S. as many as one million manufacturing jobs since 1999, had lowered wages, and had not led to the new jobs and industries that trade proponents had promised.
Did Trade with China Make U.S. Manufacturing Less Innovative?
A major new paper suggests it did.
December 08, 2016, Updated December 08, 2016