Ildefonso Guajardo Villarreal Quotes
We understand U.S. position, but we have to find a way to make trade translate into better jobs in North America.
Although aggregate employment has remained relatively stable as global free trade has become the U. S. policy, there has been major employment disruption with some types of people benefiting and others like blue collar manufacturing workers having their entire careers wiped out. Port cities like Seattle, Baltimore have boomed while Midwestern manufacturing cities have deteriorated greatly.
Foreign trade creates jobs and eliminates jobs. The people who lost jobs as the result of increased foreign trade are readily identified while the job beneficiaries may never know the reason. So it is a hard political sell even though most of the economic studies have showed that more jobs of more value are created by trade than lost. However, the losers are generally blue collar workers while the beneficiaries are generally white collar and knowledge workers. So there is a socioeconomic class differentiation in the trade issue.
Ildefonso Guajardo Villarreal is a Mexican economist and politician from the Institutional Revolutionary Party. He previously served as the Secretary of Economy of Mexico during the presidency of Enrique Peña Nieto.