Make Quote by David Autor
“Trade may raise GDP. But it does make some people worse off.”
About This Quote
Source Research Paper: The Effects of Trade on Income Distribution, 2013
Trade boosts overall economic output but can harm specific groups.
In simple terms: Trade raises GDP but hurts some people.
Mitigate trade’s adverse impacts.
Themes
Mood
Type
When to use this quote
- government policy
- business strategy
- labor negotiations
Key Concepts
Questions to Reflect On
- Who bears the cost of trade?
- How can we protect vulnerable workers?
Policy solutions may be politically difficult.