3 ms·
> As long as america continue to allow free trade our wealth and jobs will flow out of the country as countries seek cheaper labor and sell it right back to Ame
by jlmorton 9y ago
> As long as america continue to allow free trade our wealth and jobs will flow out of the country as countries seek cheaper labor and sell it right back to America with no restrictions.
Settings aside the fact that the US currently enjoys very low unemployment, with a steady rate of job creation that is now the longest jobs expansion in recorded US history, why do you believe other countries are willing to manufacture things and give them away to Americans for free?
Dollars are only valuable as a medium of exchange for American goods and services. Chinese companies will export goods and services to America because there is a demand for US dollars to purchase American goods and services, which are generated by labor and sold for a profit.
The idea that wealth and jobs could flow out of the country as a result of trade - whether free trade, or otherwise - is literally impossible.
- galieos_ghost 9y agoWorkforce participation remains low, wages are stagnant, buying power accounting for inflation is much lower than it was in decades past, all while corporate profits are at record highs. The promise that outsourcing didn't matter because goods would be cheaper was a lie, Corporations are instead enjoying record profits on the difference in labor costs. You can keep spouting the same talking points that economists and politicians have for years but there's a reason people like Trump and Bernie Sanders were able to have so much success, people are hurting. The phrase "Don't piss on my shoe and tell me it's raining" comes to mind. The only reason people would vote for anti-establishment politicians is because the current establishment isn't doing it's job. If things were great someone like Trump would have never stood a chance.
- deleted 9y ago[deleted]