Question

Should the U.S accept the advice of economists and support free trade policies even if this...

Should the U.S accept the advice of economists and support free trade policies even if this increases the risk of some workers losing their jobs to outsourcing?

Homework Answers

Answer #1

Yes, This is the most prevailing economic issue in the United States which speaks about unemployment. Due to the free trade policies, the work that has to be done by the US people is outsourced to countries like India where they'll get to work at a higher node than before. This can lead to unemployment and in specific structural unemployment which is not good for the economy. Therefore, the economists must be adviced to take a note on this issue and design their policies accordingly.

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