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All-In [42021]
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Oculus Spirit [97664]
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If you want the jobs and the wages, you can't build America
May 31, 2018, 9:07 PM
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on the cheap labor of starving foreigners. Do you want an iPhone built by starving people in China working at slave-labor wages so we can buy them cheap, or do you want them made by well-paid middle class American workers who make them here in the US? No jobs, stagnant wages, but cheap Iphones, or more expensive Iphones, more jobs, and higher wages. It's a wash really IMO.
But what Trump is doing is something that used to be common when we had a middle class, before free trade sent American jobs and manufacturing overseas.
One major problem is inflation. We can't afford to have supercharged economy. We have too much invested in debt. This is a huge danger IMO. But in reality, 5% or so inflation, while higher than it has been in many years, used to be the norm. The system we have in place for decades now keeps inflation low by using illegal domestic labor, and free trade and foreign labor for manufacturing. While that's bad for job growth and wage growth, it is GOOD for debt. It allows us to afford more house because of low rates. It allows us to afford Iphones. But most importantly, it allows Congress to spend more, and allows us to easily service our $21 trillion national debt. 10-15% inflation and our government will be on the brink of default.
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All-In [42021]
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Re: If you want the jobs and the wages, you can't build America
May 31, 2018, 9:43 PM
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I won't ever buy an iPhone. I'm a Droid guy. But if I had to choose between cheaper Droid built by Asians or pricier one built by Americas, I want the cheaper one.
Unless you're going to guarantee that quality is going to be much better with American made, which is doubtful.
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110%er [6101]
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110%er [5508]
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Re: Someone with more economic savvy than me...
May 31, 2018, 9:30 PM
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I don’t have any economic savvy. I did look up a tariff deficit map today and it appears that pretty much every country in the world imposes higher tariffs on us than we do on them...so maybe it’s just leveling the playing field.
I also read that China eased some of the tariffs on us after being threatened recently...again I don’t follow these things so I really don’t know.
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110%er [6101]
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Time for some fair trade. We're done getting ###### over.***
May 31, 2018, 10:14 PM
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Heisman Winner [111389]
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Re: Time for some fair trade. We're done getting ###### over.***
May 31, 2018, 10:29 PM
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having the largest consumer economy in the world pretty much insures that you are going to tun a trade deficit. And if you do not like it, vote wihth your pocket book and buy american.
And I can understand China and Mexico, but levying a tariff on the EU and Canada is completely asinine.
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Letterman [287]
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Re: Why? Because the EU and Canada buy cheap steel from
Jun 1, 2018, 8:52 AM
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China and then back door it into our country using NAFTA while charging the US as if it was made in the EU and Canada. Sounds fair to me.
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Oculus Spirit [80978]
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Oculus Spirit [97664]
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I disagree. We're getting exactly what we want
Jun 1, 2018, 7:23 AM
[ in reply to Time for some fair trade. We're done getting ###### over.*** ] |
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Goods and services (illegal immigrants) cheaper. Make goods here and we all pay more. And make more. It is a wash really. But all things being equal I'd prefer a middle class and manufacturing again at a cost.
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Hall of Famer [24687]
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I agree but there are several factors that need to be added.
Jun 1, 2018, 8:29 AM
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I don't have time to expound this morning but maybe later...
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All-In [47663]
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It's a starting point in a negotiation
Jun 1, 2018, 8:31 AM
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as cashmoney said, to level the playing field.
It wont stay there, but hopefully or Negotiator-in-chief can secure a better deal for US exports.
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All-In [47795]
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#rustbeltvotes***
Jun 1, 2018, 9:18 AM
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110%er [6101]
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More like "Strategic Metals"
Jun 2, 2018, 9:59 AM
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Ever see how much steel and aluminum is used to build an already over-priced $14 Billion dollar aircraft carrier?
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