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give a one sentence perspective as a response to the following stylized facts on the US economy: -While the US remains the most open market in the...
give a one sentence perspective as a response to the following stylized facts on the US economy:
-While the US remains the most open market in the world, US exporters face an average of 6.8% tariffs to serve the 95% of the world that lives outside the US.
-US exporters pay higher wages to their workers (nearly 18%) and have lower gender wage gaps than non-exporters
-US is the global leader in agricultural exports (employing nearly 1.5 million people directly, and an estimated 0.5 million people indirectly), and the global leader in exports of services (employing nearly 4.8 million people directly)
