Would Doctors Benefit from Globalization that Lowered Their Pay and the Cost of Health Care?

Better yet, would economists say they had benefited? The reason for the question is that this is essentially the question that the University of Chicago's Initiative on Global Markets (IGM) asked its group of elite economists about trade with China. It asked:

"Trade with China makes most Americans better off because, among other advantages, they can buy goods that are made or assembled more cheaply in China."

This question could be taken to be saying that most Americans are better off because...