Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.

The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.

Technology is also damping upward price pressures through its effect on international trade,

There is a palpable unease that businesses and jobs are being drained from the United States, with potentially adverse long-run implications for unemployment and the standard of living of the average American,

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

The only way you get economic progress, real standards of living moving higher, is to have the savings of the society continuously invested in the cutting-edge technologies. And those technologies which are obsolescent get dropped out.