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Research in the News

Prof. Michael Spence's research on job creation

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Excerpt from TIME -- "Sure, free trade helps U.S. exports, but again, it doesn't necessarily create more jobs. Indeed, as Nobel laureate Michael Spence has shown, net job creation in areas of the American economy most open to trade has been basically nil since the 1980s. Immigration could bring in more skilled labor. But that's also a marginal change, not a structural shift in our economy."

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