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Free Trade under FireFifth Edition$
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Douglas A. Irwin

Print publication date: 2020

Print ISBN-13: 9780691201009

Published to Princeton Scholarship Online: January 2021

DOI: 10.23943/princeton/9780691201009.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 24 September 2021

Trade, Jobs, and Wages

Trade, Jobs, and Wages

Chapter:
(p.119) 4 Trade, Jobs, and Wages
Source:
Free Trade under Fire
Author(s):

Douglas A. Irwin

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691201009.003.0005

This chapter focuses on the most frequent argument in favour of limiting trade, which implies that jobs will be saved in industries that compete against imports. It explains how reducing trade saves jobs only by destroying jobs elsewhere in the economy. It analyzes the opponents of free trade that have argued that imports have replaced good, high-wage jobs with bad, low-wage jobs. The chapter contradicts critiques of free trade by arguing that jobs in industries that compete against imports have been largely low-skill, low-wage jobs. It also examines the extent to which trade with developing countries has contributed to the rise in inequality within the United States.

Keywords:   Imports, free trade, high-wage jobs, low-wage jobs, developing countries, United States

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