Quote:
Originally Posted by sebastian_dangerfield
Neoliberal free trade policies lead to labor arbitrage that costs Americans jobs.
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Feel free to believe this to be true as a matter of faith, but empirically, it has been studied and found not to be.
The one exception is China entering the WTO, which appears to have been a big enough shock to have had this effect. The evidence suggestion that the effect is fading, however, and there has not been a subsequent shift toward India (or wherever) to replace it.
