About one in five jobs depends on international trade and about one in 10 depends on exports. These are good jobs, too. They actually pay more than jobs not related to trade, according to the Business Roundtable.
Sometimes trade can hurt: In the last twenty years, the United States has lost about 2 million jobs due to competition from imports. Yet our trade-empowered economy has more than compensated. In the last decade, it has created 35 million jobs.
Everybody likes exports, and nobody doubts that they can drive employment. Imports can create jobs as well. About half of all imports are used for further production in the United States, by American factory workers. But that’s not all. When a foreign-made item arrives in our ports, it often takes a longshoreman to unload it, a trucker or a rail worker to transport it, a warehouse employee to stock it, and a cashier to sell it.
Under protectionism, a few of these jobs would continue to exist. Just not as many. Would yours?
When we trade, we work--and the more we trade, the more work we’ll have to go around.
Bio-tech and Ag business will thrive for a short while longer....the Chinese have stolen many patented manufacturing processes software rights and even product copyrights,(and therefore jobs). Just wait till they steal your genetic engineering technology and achieve the same crop yields that you worked so hard to develope. Then put it on the world markets at 1/13 of the cost (like manufacturing labor rates). The economy is too weak for the gov't to issue crop subsidies like it did in the 80's. Your "truth about trade" is slanted to say the least, right now it works out good for ag/bio-tech, but in 5-10 years you will be so sorry.
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