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You always pick between alternatives. Are lower income Americans better off with free trade compared to a closed economy? I think the answer is absolutely yes. An average American saves lot more money today buying cheap stuff from Walmart. Lot more than what he/she would have saved with protectionist regime. More importantly a lot of services that were unaffordable 20 years ago are not trivial. This includes smartpho…
Sure TV's and chinese electronics are cheaper. Houses, healthcare, and education are not. Instead of making 55k a year at the GM plant, they're making 22k as a cashier at Dollar General. The flood of cheap goods destroyed communities that depended on manufacturing work
There is no evidence to that. Cheap goods helped poor people live a better life and build better communities. American houses today are better than they were 30 years ago. American healthcare is more accessible than it was 30 years ago. More Americans are getting better education than 30 years ago.