2 ms·

It's not just China. It started with Japan, and even without China, it will continue in Pakistan, Indonesia, and Vietnam, and eventually it will be replaced by

• mc32 7y ago
  So we know international trade is a thing and we know specialization is a thing. We know economies will over time become more value add and go up the chain. That’s not a problem if we put in place policies and regulations that put our workers on even footing with foreign workers. Benefits, protections (OSHA), anti-dumping, market-based pay (no institutional labor), IP protections, even access to markets, etc. that is handicap any imports proportionately for not meeting those baselines.
  • Aunche 7y ago
    I don't follow. How would increasing the cost of labor in the US make it more competitive against foreign labor?
  • natch 7y ago
    Our workers would not want to be on even footing with workers who have few to nil safety standards and poor labor laws.