What Donald Trump got right — and many economists got wrong — about the costs of trade

VOX News ^ | November 30, 2016 | Timothy B. Lee

[Alberta's Child]

My point was that most (if not all) of those 70,000 factories would either be heavily automated, or would be closed anyway.

We just had a major manufacturer of specialized plastics announce that's closing its operations down in a town not far from me. It's a devastating loss for the local economy of that town.

They're not leaving to go to China. They're consolidating five different plants around the country into one massive new plant down in Texas or Louisiana that they just constructed at a cost of about $1.8 billion. So you have one manufacturing facility replacing five facilities, and the new one alone will produce more volume than the five other ones combined.

[TomasUSMC]

Each job in China also makes money for China to invest in Space and Military RandD.