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Some problems

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Brooks notes that the Chinese have lost more manufacturing jobs than the US, but he also notes that this is mainly due to great productivity and fewer but more skilled workers. But our workers were probably of higher skill levels to begin with and certainly fewer in numbers. It is like raising high school or greater education in the US. The South with few high school educated residents in the 1950s can soar more easily than can Alaska or Wyoming with high percentages in 1950.

The real question is whether there are more Chinese goods in our stores now than in the past. I just heard a piece on coat hangers. There is only one manufacturer of these left in the US. When you pick up your laundry now it is highly probable that it will be on Chinese hangers. The US government has put a tariff on them so there is some competitiveness now, but many jobs were lost.

The key problem is indicators. What indicator best captures what is happening? It is much like global warming. What is the best indicator?



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