POL S 203 Study Guide - Final Guide: Blue-Collar Worker, Reserve Currency, North American Free Trade Agreement
6 Aug 2018
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Document Summary
Trump and others said that a nation losing money is like a business losing money, which eventually would cause the well-being of the country to fall. People think that when you increase imports, the jobs are being lost to foreign countries. They believe that economic elites and the political establishment have looked out only for themselves over the past few decades. He says that technology, with automation and other things, have increased productivity and efficiency, but taken out many of the blue collar jobs: but here is where a focus on trade is a diversion. " (page 90). Trade isn"t the underlying problem in terms of job loss, but protectionism also isn"t a solution. It would increase the price of consumer goods and many people live below the poverty line, so they would suffer from these price increases. Also, the production would just shift to other low-wage developing countries to keep manufacturing prices low, so it wouldn"t actually increase us jobs.
