Tuesday, November 15, 2016

High vs. Low Skill (Manufacturing/ Service)

Stephen Weymouth (Georgetown University) “Winners and Losers in International Trade: The Effects on U.S. Presidential Voting” (joint work with Brad Jensen and Dennis Quinn)

Interesting point made that US running a deficit when it comes to manufacturing, not service sector. 
He further separated the high-skilled vs. low-skilled occupations (by income). 

Turning into job projections...

http://www.cgdev.org/sites/default/files/archive/doc/full_text/CGDBriefs/3120183/time-bound-labor-access.html

Summary: The US economy needs low-skill workers now more than ever, and that requires a legal channel for the large-scale, employment-based entry of low-skill workers. The alternative is what the country has now: a giant black market in unauthorized labor that hinders job creation and harms border security. A legal time-bound labor-access program could benefit the American middle class and low-skill workers, improve US border security, and create opportunities for foreign workers.

Figure 1

Figure 2

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