Free trade puts millions of American jobs at risk
Despite its robust economy, the United States is poised to feel the labor crunch as manifested by the recent job cuts imposed by big corporations just to keep their sagging operations afloat in keeping with their remaining resources. Independent economists have predicted that the problem will be exacerbated further by the emergence of globalization which puts millions of American jobs at risk in the coming decade or so. Expected to suffer the impacts of free trade are the estimated two million jobs in the fields of accounting, bookkeeping and auditing, which can be done using the latest communication technology, says Alan Blinder, the former vice chairman of the Federal Reserve Board in a report posted at Wikipedia . This development is a pinch on the U.S. labor market where unemployment rate is causing unease among American workers because some big corporations opted to shift their production to China and other locations in Southeast Asia, where labor is cheap and tariffs on imported ...