Summary: Today we will discuss the effects of free trade and immigration on inequality.
Inquiry Question: Did free trade agreements and immigration increase inequality in Europe and the United States?
Your position paper should be completed and printed out when you come to class.
Discussion: Did free trade agreements and immigration increase inequality in Europe and the United States?
Required: Reply to two of your classmates on Flipgrid, agreeing with one and disagreeing with the other.
Optional: Listen to this podcast.
William Bernstein, author of A Splendid Exchange, talks with EconTalk host Russ Roberts about inequality. Bernstein is worried about it; Roberts is not. Bernstein argues that inequality is damaging to the health of low-status people and hurts the health of the economy. Roberts challenges Bernstein's empirical evidence. It's a lively conversation on the economics of status, productivity and the progressivity of taxes.
Optional: Read this article.