This is fascinating
As always, I wonder about what data points might have been left off the graph, but it’s interesting to ponder at a minimum. Can any readers think of a purely domestic produced good or service that’s been rapidly dropping in price that counts in the other direction?
Coyote Blog also adds in the observation that the poor feel the trade effect even more than the rich, as the goods and services most consumed by the rich (e.g. That nice meal at Paolo’s) are not subject to trade competition the same way that clothing and household goods most consumed by the poor are.