Summary of The Real Reason Manufacturing Jobs Are Disappearing

Augie Picado

Looking for the video?
We have the summary! Get the key insights in just 5 minutes.

The Real Reason Manufacturing Jobs Are Disappearing summary

Rating

7 Overall

8 Importance

6 Innovation

8 Style

Recommendation

Protectionism is back in vogue. In the United States, President Donald Trump has successfully appealed to voters by blaming “unfair trade practices” and outsourcing for their economic grievances. But what makes for good political rhetoric isn’t always sound economic policy. Augie Picado, a supply chain specialist and country manager for UPS Mexico, explains why free trade opponents are aiming at the wrong target. While always politically neutral, getAbstract recommends this talk to anybody interested in a fact-based discussion on the divisive topic.

In this summary, you will learn

Why free trade improves product quality and lowers costs for consumers, and
Why offshoring isn’t the main culprit for the loss of manufacturing jobs.

About the Speaker

Augie Picado is a supply chain specialist and the country manager for UPS Mexico.

Summary

Arguments for reducing imports and preserving national industries dominated conversations surrounding the 2016 US presidential election, the Brexit vote and the 2017 French elections. Many Americans believe that US manufacturing jobs are vanishing offshore to low-wage countries like China or Mexico. People may view trade agreements like the North American Free Trade Agreement (NAFTA) or the Trans-Pacific Partnership (TPP) as unfairly benefiting exporting nations at great cost to importing countries.