5.6.16

THE UNSEEN UNEMPLOYMENT OF A TRADE WAR.

Perhaps a return of some manufacturing to these shores will mean employment opportunities for some people.  But the people who make the stuff we trade for manufactured goods will be out of work.  As will the people who haul the traded goods.  "Omaha, Nebraska-based Union Pacific has a growing business serving cross-border trade with Mexico, and over the past decade has reported increased shipments of containers full of consumer goods, many of which come from Asia." Yeah, a continued slow economic recovery, and improvement-in the-unemployment-rate-by-subtraction-of-discouraged-workers sounds like a formula for making America great again.

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