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I don't think that we do. My post was largely spent explaining why jobs move overseas, which is not the same as agreeing on what to do about it. He concludes
by aero142 16y ago
I don't think that we do. My post was largely spent explaining why jobs move overseas, which is not the same as agreeing on what to do about it. He concludes that protectionist policies will result in manufacturing jobs staying in the US, but doesn't look past that to see that those policies will not create value and will just redistribute it around by moving the wage decreases to tariff increases. Wealth comes from innovation and productivity increases. You cannot "create jobs" by instituting tariffs.
We will not be left with no domestic manufacturing, we will be left with the manufacturing that we are most efficient at. Anything else is just fighting gravity. We need to be making tomorrow's jobs, not fighting over yesterday's. Tariffs will not solve unemployment.
- rbranson 16y agoThey will only be setup to be more efficient because of our capital investment though. We have lost these assets because their only justification was based on the predicate of suppressed wages, which are temporary. This is a fools game.
- codexon 16y agoYou cannot "create jobs" by instituting tariffs. You can't create jobs through tariffs, but you can shift the balance towards the US. China keeps artificially inflating their currency when it would've naturally increased by now; maybe to the point of being economically infeasible for some companies. Don't forget that there is a huge overhead in shipping products across the Pacific Ocean. And to fight this economic manipulation, tariffs are needed.