This just in:
BBG: Sept. 21, 2015
U.S. Trade Deficit With China Widens To $1 Billion Per Day
"Those who criticize free trade don't understand how it works. The Chinese specialize in all of the things we used to do. Like working..."
Death Cross: China Trade Deficit ($Millions) with U.S. Employment:
Trade data from: https://www.census.gov/foreign-trade/balance/c5700.html
Labor Force Participation Rate from FRED
The question that never gets asked: What is the real cost of trade with China with respect to lost wages and economic multiplier effects? We know it's not $.80/hour...