American economist says improvement of $50bn to $120bn in US trade balance would generate 300,000 to 700,000 new US jobs
Sep 16th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Under current conditions of high unemployment, an improvement of $50bn to $120bn in the US trade balance would generate 300,000 to 700,000 new US jobs according to American economist Fred Bergsten. About half of the new jobs would occur in manufacturing and pay wages well above the national average.