What happened to the great U.S. job machine? The role of trade and electronic offshoring. From: Brookings Papers on Economic Activity | Date: September 22, 2004| Author: Baily, Martin Neil; Lawrence, Robert Z. | COPYRIGHT 2004 Brookings Institution. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The loss of manufacturing jobs and hundreds of thousands of service jobs over the past few years, and the threat of the loss of millions more to offshore outsourcing, is a clear call to our business and political leaders that our trade policies simply are not working. At the least, not in the national interest. (1)

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THE BUSINESS CYCLE recovery of the past few years has been an unusual one. In particular, payroll employment since the trough of the 20...