The Economic principle I'm exploring is people gain when they trade voluntarily
My research question to help me study the economic principle is "How does free trade help Americans
The article published on AIER titled "How much does free trade affect employment" demonstrates this principle by showing the impact free trade would have on jobs.
First the article talks about how when China started to ship more goods to the US there was a huge decrease in the manufacturing jobs. According to the very influential 2013 study it estimates that a quarter of the decline in total manufacturing employment between 1990 and 2007 came from china's import competition, which translates to about 1.5 million fewer jobs.
Second the article talks about how even though their will be a decrease in manufacturing jobs their will be new jobs. The author predicts that at least as many new jobs that will disappear will reappear in other markets.
Lastly the article talks about how employment naturally grows with population growth. According to the article it talks about when a new worker arrives he is able to create his own job which he then uses the money to spend on stuff which creates overall new jobs in the working force.
In my next blog post I will discuss the overall affect free trade will have on the economy.
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