@lukelea1.bsky.social
In a world of high- and low-wage countries it is a lot more complicated than that. See Samuelson and Stolper's "Protection and Real Wages."
November 25, 2024 at 5:25 AM
In a world of high- and low-wage countries it is a lot more complicated than that. See Samuelson and Stolper's "Protection and Real Wages."
Not everything, just stuff made in low-wage countries that undercut US wages and labor standards. American wages will gradually go up for working-class people, making housing and other non-imported goods more affordable.
November 25, 2024 at 5:22 AM
Not everything, just stuff made in low-wage countries that undercut US wages and labor standards. American wages will gradually go up for working-class people, making housing and other non-imported goods more affordable.