14/11/2007 11:30:24 am
Myths About Free Trade. The debate about globalisation and trade has turned more protectionist in recent years. Claims are made that the US loses jobs and that ordinary people don′t benefit from free trade. A new Trade Policy Paper from the Cato Institute shows the facts:

- The number of Americans who have jobs is 16,5 million higher than a decade ago.

- Average real compensation per hour paid to American workers increased by 22 per cent during the last decade.

- 3,3 million jobs have been lost in manufacturing during the past decade. But 11,6 million new jobs with higher wages were created.

Read the Paper here (pdf) - >