Manufacturing Jobs and Income Decline

After the year 2000, US manufacturing employment experienced a rapid, unprecedented decline with the loss of some six million manufacturing jobs. Many commentators have described this as a normal, even healthy evolution, with workers allegedly moving into “jobs of the future” in the service sector. After the year 2000, US manufacturing employment experienced a rapid,…

Update: Across-the-Board Tariffs on China with Retaliation & Federal Spending Create Over 1 Million Jobs in Five Years

This Working Paper presents the results of a CPA econometric model showing that a permanent tariff on Chinese imports would stimulate the US economy. by Jeff Ferry (Chief Economist) and Steven Byers (Senior Economist) The Coalition for a Prosperous America (CPA) has updated a prior study on the impact of permanent tariffs on all Chinese imports. Specifically, we…

US Agriculture Has Failed To Benefit From Korean Free Trade Agreement: Time For a New Approach

By Jeff Ferry, CPA Research Director  A major reason the US Congress and Obama administration approved the KORUS free trade agreement with South Korea in 2011 was the expected benefits to US agricultural exports.  Six years later, it’s now clear those benefits have not materialized. US agricultural exports to South Korea have fallen 9% since 2011,…

Do Savings Rates Cause Trade Deficits?

By Michael Stumo, CEO of CPA, and Jeff Ferry, Research Director Some influential economists misleadingly assert that US trade deficits are caused by American households failing to save enough and also by federal budget deficits. Taking action against strategic foreign economic policies, their story continues, would be futile. This paper comprehensively disproves the savings rate…