Trade has little to do with jobs

  As a more proper venue to discuss this subject, it needs to be realized that job losses or gains have little to do with trade. There is this assumption that if we no longer have jobs producing a product then we will no longer have jobs at all. This is largely a misleading concept. The united states produces almost no product. Like Hong Kong, Luxembourg, Saudi Arabia, Switzerland its hard to find a product that is ever made domestically. Despite all this, there are still jobs. Japan can not even produce enough food to feed itself and relies on foreign farmers to meet Japan's annual caloric intake. And despite all this loss in agricultural work, Japan is not suffering from massive unemployment.

 Jobs are simply a result of the money supply and nothing more. If the money supply contracts, then jobs will contract until people can renegotiate to work for a smaller sum of money while renegotiating with their landlords, their banks, and other institutions to reduce the amount they owe. This is generally understood as deflation.

  When the money supply expands, businesses hire more employees as employees, businesses, and consumers continue to renegotiate for higher prices and higher wages. This is generally understood as inflation.

 This is why a sudden jump of unemployment did not take place during the opening of NAFTA or any other trade agreement. The sudden jump of unemployment occurred when real estate prices fell and collapsed in 2008. Because the money supply was no longer expanding for the purchase of real estate. Banks were giving out less loans. Consumers and home owners were taking out less loans. And this retraction of the money supply ultimately leads to unemployment. Even prior to 2008, the IT bubble also led to a huge jump in unemployment as the money supply ceased to expand because investors and banks refused to create and hand over new money for new tech expansions.

The "dot-com bubble" (or sometimes "IT bubble"^[1] or "TMT bubble") was a speculative bubble covering roughly 1995–2000... The Stock Market Crash of 2000-2002 caused the loss of $5 trillion in the market value of companies from March 2000 to October 2002.^[13]


On December 30, 2008 the Case-Shiller home price index reported its largest price drop in its history.^[1]foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank^[2] In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble "the most significant risk to our economy."^[3]


 While an argument can be made that some kind of strategic security is involved in being able to manufacture goods such as steel, food, and machinery. That still has nothing to do with jobs.