TITLE:
Does China-US Trade Have an Impact on Employment of the United States?
AUTHORS:
Zhaohui Bi
KEYWORDS:
China-US Trade, Trade Shocks, Unemployment, Adjustment Costs, Technology
JOURNAL NAME:
Technology and Investment,
Vol.8 No.3,
August
9,
2017
ABSTRACT: International
trade’s real impact on domestic employment has always been controversial. In
the 2016 presidential election, Donald Trump strongly argued that China-US
Trade had resulted in many unemployed since China’s accession to the WTO. Does
China-US trade have an impact on the United States employment, and how does it
affect employment? This is the main issue discussed in this paper. In the first
part, this paper briefly introduces the status of China-US trade and the United
States employment. Then, the second part discusses whether China-US trade has
an impact on employment in the US and how it affects employment, and mainly
argues allocation costs and adjustment costs of trade shocks as well as other
factors of high unemployment of the United States, such as technology. The
third part will give some advice about the problem of unemployment in the
United States. The final part is a conclusion.