February 9th, 2011
Econintersect: John Lounsbury has calculated that the accumulated manufactured goods trade deficit for the U.S. is equivalent to almost 29 million jobs. These are jobs that might have remained or been created in the U.S. had the U.S. trade for maufactured goods been balanced. Follow up:
Follow up:Lounsbury finds that if even half of the jobs had remained in the U.S. there would be severe labor shortages. He concludes that world trade is not a bad thing. It has simply gone too far.
Source: GEI Analysis