The Huffington Global:
Trade creates losers. Here?s how to help them
29 May 2018
Article by Swati Dhingra … Take Brexit, which involves Britain breaking from its largest trading partner, the European Union. The depreciation of sterling which followed the Brexit referendum is already hurting British workers. Forthcoming research from the Centre for Economic Performance at LSE finds that British firms have cut back on training programmes for their workers, in anticipation of reduced trade ties with the EU. Employers provide a large share of skills training, so the Brexit-induced reductions will have a long-term negative impact on human capital and worker earnings—quite the opposite of what the protectionist policy is intended to achieve.