Today we defended trade and showed how trade does not cost jobs - it just changes the jobs.
The sources of job loss from trade are outsourcing/technology replacing people.
Technology is the real job killer.
Foreign competition also causes manufacturing job loss.
Let's run a trade deficit. If we buy more from China than we sell - we get a service surplus and a goods deficit. The deficits don't hurt jobs - they just change what kinds of jobs we have/need.
Some say Americans don't make things anymore - NOT TRUE. Manufacturing output increasing steadily since the 1940s.
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