3 ms·
This behavior is exactly why protectionism is on the rise in America. The economy has "improved" massively, yet few are reaping the benefits and most Americans
by TheAdamAndChe 9y ago
This behavior is exactly why protectionism is on the rise in America. The economy has "improved" massively, yet few are reaping the benefits and most Americans are seeing a decline in quality of life. Protectionism would lower the labor pool available to companies, meaning workers would have more leverage and better pay, but at the expense of corporate profits.
Lots of economists say that protectionism is a net negative to our country, but I think they may have failed to consider the effects of capital concentration causing only a few cities and states in the country to actually benefit from globalization.