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David Autor on what we now know about trade

FT Alphachat

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The Import-Competing Manufacturers' Firms Shut Down

One out of every three U.S. manufacturing jobs went away between 1999 and 2011, David Frum says. The decline was caused by China's growing trade deficit with the U.S., he says. People were forced to reallocate from manufacturing into other types of work in places like South Carolina or Tennessee,. He says it left a very geographically visible scars that persisted for at least a decade.

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