Jan 25, 2016
A huge part of Donald Trump's appeal is the sense that good jobs, particularly manufacturing jobs, have been outsourced to China. It's an open question whether globalization and free trade have been the total winner that some claimed it would be and the death of factory jobs has affected some communities deeply.
The problem is that every cure seems worse than the malady. Sparking a trade war would destroy people's paychecks by raising the price of consumer goods. Industrial policy has seemed hitherto incapable of producing more than make-work jobs.
Is there nothing we can do?
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