If I were king for a day I'd institute an across-the-board import tariff of 5% or so. Enough to keep domestic suppliers from gouging consumers, but also enough

If I were king for a day I'd institute an across-the-board import tariff of 5% or so. Enough to keep domestic suppliers from gouging consumers, but also enough to tilt the playing field a bit in the direction of domestic manufacturing. It would hurt growth a bit, in the long run, but I think it's worth the cost. Globalization increases equality between countries, but it also increases inequality within countries. There are places where unskilled labor pays a couple dollars a day. Doesn't matter what the safety standards are - there isn't anywhere in the US you can survive on that kind of money.