Even the Well-Off Don’t Like Trade These Days
The poll shows that among Americans making more than $100,000 a year, support for actively promoting more free trade collapsed from 57% to less than half that, 28%.
As Dan says, it’s not so much the direction of the shift among the well off as the magnitude of that shift.
Speaking of trade, wandering through the grocery store today, I noticed that they were selling tax software. This naturally lead me to wonder why it’s viewed as a great thing when people can do their taxes quickly and cheaply using a computer and software, but a bad thing when people can do their taxes quckly and cheaply using Indian accountants. (For more, see Kash’s classic Trade with China as Technological Revolution.)