Wednesday, May 16, 2018

Political Editors: Trump Is Correct: China to Blame for Millions of Job Losses — The Patriot Post

Political Editors: Trump Is Correct: China to Blame for Millions of Job Losses — The Patriot Post
"A new study concludes that Donald Trump is right to blame China for millions of Americans losing their manufacturing jobs in the 2000s. 
Susan Houseman of the Upjohn Institute has found that the popular theory of new automation technology being the primary culprit for job losses among American manufactures is full of holes. 
The finding is similar to that of a study conducted by Massachusetts Institute of Technology professor David Autor, whose research found that two decades of trade deficits with China is the primary culprit in American manufacturing job losses precisely because it has contributed to undercutting technological development.
In other words, the findings are the exact opposite of the widely assumed reason for job losses..."
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