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The concerns over job loss are important. One of the interesting things to notice is that the gains from shifting manufacturing overseas is spread over
The concerns over job loss are important. One of the interesting things to notice is that the gains from shifting manufacturing overseas is spread over millions of consumers in the form of lower prices, but the losses are concentrated on a few, the workers. And those losses for a worker are significant. However the total benefit to millions of consumers are greater than the total losses to workers. Does this mean we need not worry about the workers that lose their jobs? If not, what can we do to offset these losses for the workers that lose their jobs
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