Ben Hyman (Federal Reserve Bank of New York) joins to discuss the problem of workers hurt by increased competition arising through trade. They explain the US Trade Adjustment Assistance (TAA) program and new evidence on whether it helps workers stay in the labor market, retrain, and keep earning wages by remaining attached to jobs.
SK: Hello! You are listening to an episode of Trade Talks, a podcast about the economics of trade policy. I am Soumaya Keynes, the US economics and trade editor for The Economist.
CB: And I’m Chad Bown, a senior fellow at the Peterson Institute for International Economics.
SK: This episode is about trade adjustment assistance.
CB: You know when people say that we should have offered help to the people left behind by trade? There’s already a programme that is supposed to do that. Trade Adjustment Assistance.