Boudreaux says China Shock-hit US communities saw wage growth
Updated
Updated · The Wall Street Journal · May 7
Boudreaux says China Shock-hit US communities saw wage growth
4 articles · Updated · The Wall Street Journal · May 7
Writing from George Mason University, he cited economist Jeremy Horpedahl’s study of the 10 hardest-hit US metro areas, saying all recorded significant positive real wage growth since 2001.
He argued antiglobalists mislabel free trade as the elevation of international capital and said some of those places outperformed national wage trends despite job losses and local disruption.
The letter responds to debate over President Donald Trump’s second-term agenda, contending globalization’s long-run gains outweigh adjustment costs and do not justify broader scepticism of freer trade.
If free trade and AI boost national wealth, why does the cost of living feel unsustainable?
Are 'ravaged communities' an unavoidable price for economic progress, or a policy failure we can fix?
With AI now disrupting jobs like trade did, have we learned how to protect workers?