Quotation of the Day…

by Don Boudreaux on March 20, 2016

in Trade

… is from page 39 of Daniel Griswold’s excellent 2009 book, Mad About Trade:

For every one job lost in manufacturing since 1991, our economy has created five in better-paying service sectors, and one in government.  That pattern was not just a phenomenon of the 1990s.  During the Bush years of 2001-2008, two thirds of the net new jobs were also created in sectors that paid more than manufacturing.


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