Study: U.S. Manufacturing Collapse Catalyst for Decline of White Working Class
The collapse of American manufacturing thanks to decades of international free trade agreements acted as the catalyst for the general economic decline of the U.S. white working class and black Americans, a new study reveals.
The latest research by economist Eric D. Gould of the Institute of Labor Economics reveals the extent to which white men and black men in the U.S. were crippled by the country’s manufacturing collapse, which came as trade deficits racked up and free trade deals were readily implemented.
Gould’s research notes that for white men and black men, the number of U.S. workers in the manufacturing in 2010 was actually less than half of what it was in 1960.
“The loss of these jobs represented a significant worsening of economic opportunities,” Gould notes.
The collapse of American manufacturing thanks to decades of international free trade agreements acted as the catalyst for the general economic decline of the U.S. white working class and black Americans, a new study reveals.
The latest research by economist Eric D. Gould of the Institute of Labor Economics reveals the extent to which white men and black men in the U.S. were crippled by the country’s manufacturing collapse, which came as trade deficits racked up and free trade deals were readily implemented.
Gould’s research notes that for white men and black men, the number of U.S. workers in the manufacturing in 2010 was actually less than half of what it was in 1960.
“The loss of these jobs represented a significant worsening of economic opportunities,” Gould notes.