Thursday, 30 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Why I Write – Econlib
Economy

Why I Write – Econlib

Last updated: September 17, 2024 3:28 pm
Share
Why I Write – Econlib
SHARE

The Cato Institute recently released a new poll and report detailing public opinion on trade. The headline number is very encouraging: 63% of Americans want to increase trade with other nations. This shows that Americans do not have a protectionist streak like their politicians do. This is a positive sign as it indicates that there is no widespread turn away from the trade liberalism that has characterized the post-World War 2 era.

The poll also revealed that Americans are skeptical about the effects of trade on jobs and wages. About 39% of respondents worry that trade reduces the number of jobs, 37% are concerned that trade reduces the quality of jobs available, and 39% think trade reduces wages. Additionally, 80% fear that trade has harmed some American industries. Despite these concerns, Americans reject protectionism, with 2/3rds to 4/5ths of Americans opposing tariffs even when there are small increases in prices. About half of Americans (48%) also reject tariffs that are lobbied for by business or industry groups.

The report highlights the importance of education in reducing skepticism over trade and building broader support. Formal education plays a significant role, as the report found that support for trade is highly correlated with one’s formal educational achievement. However, with the rise of low-cost media platforms like blogs and podcasts, informal education can also play a crucial role in educating the public about trade.

As an academic, it is important to help Americans understand the complexities of trade and correct misconceptions. Concepts like comparative advantage can be challenging to explain, but Americans seem to have a good intuition for trade. Writing blog posts, op-eds, and doing podcasts are effective ways to convey information and help people overcome their skepticism about trade.

See also  Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available

The report also addresses the question of why protectionism is a platform of both major parties despite the popularity of trade among Americans. Only 1% of respondents consider trade and globalization a "Top 3" political issue for them. Politicians adopt protectionist positions to win votes from special interest groups without significantly risking losing votes from the majority of voters who prioritize other issues like inflation, jobs, and immigration. Educating the public about the connection between trade and these issues can help push back against the protectionist movement.

In conclusion, the Cato Institute’s poll and report shed light on American attitudes towards trade. Despite concerns about its impact on jobs and wages, the majority of Americans support increasing trade with other nations. Education and communication are key to addressing skepticism and building broader support for trade liberalization. By helping Americans understand the benefits of trade and dispelling misconceptions, we can contribute to a more informed and open-minded public discourse on trade policy.

Jon Murphy is an assistant professor of economics at Nicholls State University.

TAGGED:Econlibwrite
Share This Article
Twitter Email Copy Link Print
Previous Article Point72’s Steve Cohen is stepping back from trading his own book Point72’s Steve Cohen is stepping back from trading his own book
Next Article NYC muggers throw 88-year-old woman to ground, leaving her with fractures and damaged teeth: cops NYC muggers throw 88-year-old woman to ground, leaving her with fractures and damaged teeth: cops
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Americans abroad: What to watch for as members of the USMNT pool look to impress Mauricio Pochettino

After a break in international play where members of the United States men's national team…

September 12, 2024

UMG Says They Should Be Removed From Sara Rivers Lawsuit Against Diddy

Universal Music Group We've Got Nothing To Do With This Diddy Lawsuit Published June 23,…

June 23, 2025

Quinta Brunson on Abbott Elementary Finale, Trump, AI, Season 5 Ideas

Season 4 of "Abbott Elementary" wrapped up with a heartwarming and emotional field trip episode…

April 16, 2025

Motorola Might Launch a Razr x Swarovski Flip Phone in August

Motorola Set to Unveil Swarovski Edition Razr Phone The tech world is abuzz with new…

July 14, 2025

Citigroup (C) earnings Q4 2024 beat

Citigroup (C) shares soared on Wednesday following a stellar fourth-quarter earnings report that surpassed analyst…

January 15, 2025

You Might Also Like

Fed’s Standing Repo Facility hits record high as policy meeting outcome looms
Economy

Fed’s Standing Repo Facility hits record high as policy meeting outcome looms

October 30, 2025
BofA Raises PT on Embraer (ERJ) to  Following Investor Day
Economy

BofA Raises PT on Embraer (ERJ) to $70 Following Investor Day

October 30, 2025
What To Expect From Micron Technology’s Report
Economy

What To Expect From Micron Technology’s Report

October 30, 2025
Alluvial Capital Management’s Views on FitLife Brands (FTLF)
Economy

Alluvial Capital Management’s Views on FitLife Brands (FTLF)

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?