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Why are you assuming a trade war with Mexico or China would necessarily lead to a loss of jobs as if it were some universal law of physics. Cause the specific m
by hiram112 10y ago
Why are you assuming a trade war with Mexico or China would necessarily lead to a loss of jobs as if it were some universal law of physics. Cause the specific media that you watch says it would?
I've never seen a coherent argument explaining how free trade deals have helped anyone but small groups at the expense of larger ones.
In fact, the actual direct evidence of trade deals are this:
1. Massive job loss for American workers.
2. Tax losses for the communities whose factories move across borders.
3.No actual job creation in its place based on the labor participation rate (lowest since these deals became common).
4. Corporate profits at highest level since before these deals.
5. Wealth inequality approaching depression level era. Interestingly, our gini coefficient tends to approach that of Mexico and China the more we trade with them.
- JumpCrisscross 10y ago> Why are you assuming a trade war with Mexico or China would necessarily lead to a loss of jobs Strongly suggest picking up a few technical and historic economic textbooks.
- meowface 10y agoI don't agree with you, but you don't deserve to be downvoted just for presenting an argument that's unpopular here. Upvoted for visibility.