Jean-Baptiste Quéru looks at US Manufacturing vs Trade in this Google plus article:
Here’s what I read in it, at a high level:
- The US didn’t lose manufacturing to trade, since manufacturing went up after trade agreements were signed in 1994 and 2001.
- US workers didn’t lose jobs to immigrants, since that would typically result in an increase in the workforce (more workers, paid less, individually less productive). Instead, the jobs truly disappeared.
He concludes that trade agreements increase trade, increase revenue, which is then invested into manufacturing automation, which leads to a drop in employment.