Thursday, July 21, 2016

Wage History Contradicts "Free Trade" Yappers

The Free Trade yappers insist that US policy in the early 1900's was badbadbadbad and screwed US workers.

That's not the reality of the situation.

...As detailed in the U.S. government’s authoritative Historical Statistics of the United States, Colonial Times to 1970, from 1900 to 1929 – when the Great Depression struck – the annual earnings of U.S. employees adjusted for inflation increased by a total of 68 percent....

 It's also interesting to note that during the same period, there were lots of immigrants--more, as a percentage of the workforce than today--but wages still increased.

It's possible that "free trade" is a good thing.  For some people.

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