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In the Media

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Economist
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The Economist reports on a new study co-authored by Prof. David Autor that examines how increased trade between China and the U.S. has impacted American workers. The researchers found that “sudden exposure to foreign competition can depress wages and employment for at least a decade.”

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“It certainly is the case that trade contributes to certain lower-priced goods and services, and on the average, that lowers the cost of living,” David Autor notes. “But for displaced workers, the fact that things are 10 percent cheaper at Walmart is just not making up for the fact that they’re not employed.”

Trading places

Economists take a new look at the evidence that the U.S. has lost millions of jobs to China.