Why Does Janet Yellen Suddenly Sound Like Trump on Trade?



Fewer workers are employed in manufacturing, but the average worker is earning far more per hour. This is a problem? Meanwhile, American manufacturing output is significantly higher today than it was when the WTO was established. In fact, even at the lowest point of last year’s COVID-19 recession, manufacturing output was still higher than it had been in any year before 1997.

Author(s): Eric Boehm

Publication Date: 12 February 2021

Publication Site: Reason