Analyzing the gains to the Apparel industry int he U.S. from imports, the piece argues that a more rigorous analysis of the data related to imports and jobs need to be done to actually understand the co-relation between imports and jobs. It would be naive and factually incorrect to assume that increased imports lead to an increase in domestic job loss. Interesting argument considering that imports from China into the U.S. is a constant source of tension not the issue of U.S. unemployment.
"In a political environment where trade and job creation are being hotly debated, it is vital to have a correct understanding of how imports truly affect jobs. The reality is that the increased economic activity associated with every stage of the import process helps support American jobs. A lot of them. The following analysis shows that over half a million American jobs are supported by imports of Chinese-made clothes and toys alone. These jobs are in fields such as transportation, wholesale, retail, construction, and finance, and in myriad other activities that are involved in turning a manufactured product into a good that is ready for use by the average American."
Can there be a case that imports actually protect jobs domestically? While it is obvious that it leads to loss of jobs in certain activities since the production has shifted to tother countries, does it not lead to job creation in other allied activities? Is the value of job creation in other activities less, equal or much more than the job loss in the activity undertaken outside? Has there been any analysis on this data? Added to this is the complexity global value chains bring to the table. A product is "produced" in so many countries that imports become essential for completion of the product. This piece