CARPE DIEM: Free-Trade Paradox: Poor Benefit More Than Rich
CARPE DIEM: Free-Trade Paradox: Poor Benefit More Than Rich ree trade with poorer countries has a huge positive impact on the buying power of middle- and lower-income consumers—a much bigger impact than it does on the buying power of wealthier consumers. The less you make, the bigger the percentage of your spending that goes to manufactured goods—clothes, shoes, and the like—whose prices are often directly affected by free trade.
