Every year, between two to four percent of workers in industrial economies are “displaced” from their jobs. Those most likely to lose their jobs – the very young, the very old, and the less educated – are also the workers least equipped to manage economic upheaval successfully. Even in resilient and growing economies, these workers often need a hand to get back on their feet.
American workers are increasingly anxious about robots and automation replacing them in their jobs. The underlying dynamic is that jobs are changing because of automation, not disappearing. That’s not a concern in and of itself. The concern is that not everyone is on good footing to adjust.
Trade agreements aren’t the principle factor to blame for the majority of U.S. job losses or the decline in earnings. Many factors determine total employment.