Quote:
Originally Posted by John Wilkes Booth
yea, manufacturing jobs were great and all back in the 20th century... but there is a reason companies move overseas
it's not cause china is better at making deals, as trump would say
it's cause china doesn't give a ****
they use slave labor and they throw any regulations that get in the way straight out the window
so you can tax companies for doing business overseas... but then guess what? you run the risk of plunging the entire world economy into an even deeper pit than it's currently trying to recover from
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Everytime a President signs a free trade deal hundreds of American working class jobs are lost. That's why they call it the hollowing out of America & the rust belt.
American wages have been on a continued downward spiral for decades now, and has no doubt contributed to lower annual GDP growth. In general your parents generation had it a lot better.
Same things happened in Canada I lost my job to Mexico and spent 7 years of my life getting retrained in University because you either have a degree, a trade, or your working at Starbucks. The middle ground is disappearing fast.
If China was forced to correct their currency it would actually be cheaper to purchase a lot of goods made in the USA, and Europe does a "Far" better job of protecting its workers.
NAFTA at 20: One Million U.S. Jobs Lost, Higher Income Inequality*|*Lori Wallach
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