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Trade deficit isn't a good indicator for overall jobs but it's a good indicator for where all of the manufacturing jobs have gone and by extension why the labor
by crdoconnor 10y ago
Trade deficit isn't a good indicator for overall jobs but it's a good indicator for where all of the manufacturing jobs have gone and by extension why the labor force participation rate in the US is so low.
- fuzzfactor 10y agoThis seems easy to agree with. Trade imbalances quoted in US dollars reveal what merchants are dealing with, in terms of local currency. When traders start suffering, you can be sure there are some underlying workers that are relatively devastated.