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Views on the Economy and the World

A blog by Jeffrey Frankel

For more information on this publication: Belfer Communications Office
For Academic Citation: “Views on the Economy and the World,” Views on the Economy and the World, https://www.belfercenter.org/publication/views-economy-and-world.
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Long-term Job Decline in US Manufacturing

| Nov. 13, 2017

What does international trade have to do with US jobs?  Surely the US trade deficit in manufacturing has reduced employment?  Not as much as you would think, on net.  Especially with regard to overall employment, which in the long run is determined by the size of the labor force.  But even if manufacturing jobs are considered more important than service jobs, trade policy has not been the main reason for their decline.  Perhaps the raw statistics can be made more intuitively convincing if one makes comparisons with other sectors.