Chinese labour costs contributed to US job losses: Fed paper
While Chinese exports help account for a significant portion of job losses in the US during the past decade, macroeconomic fundamentals explain the majority of the fall in US manufacturing employment, according to a Federal Reserve paper published on Monday.
Brett Berger and Robert Martin, the paper's authors, use Chinese and US trade data to examine the relationship between Chinese exports and global manufacturing, in particular US manufacturing employment. The authors note that while exchange
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