WATCH at 1 p.m.: Debunking Myths on Trade and Jobs
Posted By Derek Scissors, Ph.D. On October 4, 2012 @ 11:31 am In American Leadership | No Comments
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Trade and job creation came up in the presidential debate last night. A longstanding argument for blocking trade is that imports hurt jobs. This argument is wrong, and we can prove it.
A paper published by The Heritage Foundation documents that the process of importing—offloading from ships and planes, transporting to warehouses, selling off retail shelves, and so on—supports jobs [2]. In particular, imports of Chinese—yes, Chinese—clothes and toys support more than half a million American jobs.
Congress and the Administration should make trade policy with the understanding that imports help the economy. We’ll be talking about how important this is at a Heritage event at 1:00 p.m. ET today. Please join us either in person or watch live online here [3].
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2012/10/04/watch-at-1-p-m-debunking-myths-on-trade-and-jobs/
URLs in this post:
[1] Image: http://blog.heritage.org/wp-content/uploads/MadeinChina.jpg
[2] the process of importing—offloading from ships and planes, transporting to warehouses, selling off retail shelves, and so on—supports jobs: http://www.heritage.org/research/reports/2012/09/trade-freedom-how-imports-support-us-jobs
[3] watch live online here: http://www.heritage.org/events/2012/10/imports
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