Class Summary 10/26

The miracle of trade is figuring out how to make the goods we want with as few resources as possible. 

Many people believe that trade has decreased jobs within America, however that can be shown completely unfounded. We produce more now than ever before and any other country.  We're the fourth largest economy on Earth. We've lost manufacturing jobs but our manufacturing output has increased. An individual now produces $3,000 worth of stuff, therefore we've become more productive with less people working.

Although, many people who lose their jobs blame trade, but they were only in that job because of trade.

Now, jobs that are being created seem to only be an advantage to educated people with a specific set of skills (e.g. Now stock traders have to be physics gurus). It is not trade that is creating the growing gap between classes.