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  • The Case for Wage Insurance
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  See Also

  United States, Labor, Trade

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  Business Roundtable: Trade and American Jobs

  Authors:	Laura Baughman Joseph Francois

  February 1, 2007

  Excerpt:

  U.S. trade has been expanding and, with it, U.S. employment. An economic study conducted for the Business Roundtable found that more than 31 million U.S. jobs depended on trade in 2004. That means nearly one in every five U.S. jobs are linked to exports and imports of goods and services.

  The analysis is the first estimate of the net number of U.S. jobs, both nationally and by state, that depend on U.S. exports and imports of both goods and services. The key findings of the new study are:

  -Total net U.S. jobs dependent on total U.S. trade exceeded 31 million in 2004. Nearly one in every five U.S. jobs is positively linked to exports and imports of goods and services.

  -Contrary to popular belief, the net impact of trade on the number of U.S. manufacturing jobs is positive.

  -Every U.S. state has realized net employment gains directly attributable to trade.

  -As U.S. trade -- both exports and imports -- has grown over the past decade, caused in part by trade liberalizing international agreements, so has the number of U.S. jobs tied to trade.

  In 1992, a year prior to the implementation of a long string of multilateral and bilateral trade liberalizing agreements, net total trade-related employment in the United States totaled approximately 14 million jobs, one in ten U.S. workers.

  By 2004 the comparable trade-related employment estimate had more than doubled, representing nearly one in five U.S. workers. Past estimates of trade-related employment either vastly underestimate the number of U.S. jobs tied to trade, or they suffer from serious estimation flaws that bias their results. This study represents the first comprehensive look at total U.S.trade and employs a methodology that accounts for trade gains as well as losses, and that covers services as well as goods trade.

  Full Text of Document

   

• 

  New CFR Books

  

  In The Fall and Rise of the Islamic State, Noah Feldman tells the story behind the increasingly popular call for the establishment of the sharia—the law of the traditional Islamic state—in the modern Muslim world.

  

  In Regional Monetary Integration, Peter B. Kenen poses an important question: Should various country groups follow the lead of the European Monetary Union and form similar full-fledged monetary unions?

  

  Walter Russell Mead recounts the story of the centuries-long rivalry between the English- speaking peoples and their enemies in God and Gold.

  Complete list of CFR Books.

  

  

  New from the Council: Policy Options Papers

  Kenya

  In this POP, Adjunct Fellow Michelle D. Gavin suggests steps the Bush administration could take to promote political and ethnic reconciliation and to restore the viability of Kenya’s governing institutions.

  Pakistan

  In this paper, Senior Fellow Daniel Markey poses a set of recommendations for the United States to consider in response to Pakistan’s ongoing political crisis.

  

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