One study mentioned in the chapter reading focused on the impact of China trade on the U.S. textile industry noted that 19 U.S. textile factories were closed and 26,000 jobs lost in 2004 and 2005.
If these factories had not closed, it would have cost U.S. consumers $6 billion more in higher textile prices.
Assuming these facts are true, offer an argument for or against off-shoring U.S. jobs.