The Bear’s Lair: The Whig Free Trade Myth is Baloney

A new paper by Robert J. Gordon and Kenneth Ryu “The Mysterious Disappearance of Productivity Growth in US Manufacturing: Was It the China Shock?” shows that annual U.S. manufacturing productivity growth collapsed on a price-adjusted basis from an average of 5.1% in 1987-2005 to 1.6% in 2005-23, due to the outsourcing mania, mostly to China, […] The post The Bear’s Lair: The Whig Free Trade Myth…