This is a graded discussion: 5 points possible due Jul 30 23 24 Module 6 - Free

Question

This is a graded discussion: 5 points possible due Jul 30 23 24 Module 6 - Free Trade Michael Aubry Two U.S. senators made the following argument against allowing free trade: "Fewer and fewer Americans support our government's trade policy. They see a shrinking middle class, lost jobs and exploding trade deficits. Yet supporters of free trade continue to push for more of the same - more job-killing trade agreements." Do you agree with these senators that reducing barriers to trade reduces the number of jobs available to workers in the United States? Unread Subscribe Search entries or author Reply

Explanation / Answer

.Free trade has led to the influx of large number of commodities and labor force in USA. Thus, it is reducing the job availability to Native Americans. Hence, large scale unemployment is natural consequence of free trade.
.Further, free trade is leading to the import of products that is rendering domestic firm uncompetitive.
.Hence, Donald Trump is canceling large number of agreements with rest of world.
.But this is one side of picture, influx of labors lead to the fall in overall cost of production. It would expand output and American industries would be more competitive. Further, according to one estimate, over 40% of innovations in USA are done by the immigrants.

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