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No, because companies that want to employ Americans can't compete with companies that want to employ Chinese, because it costs less to employ Chinese. In other
by noworriesnate 6y ago
No, because companies that want to employ Americans can't compete with companies that want to employ Chinese, because it costs less to employ Chinese.
In other words there are externalities (polluting the global environment) that aren't priced into the cost of labor when you're comparing the two countries. Tariffs and similar things can help price in that externality.
- he0001 6y agoTariffs have been good for China. In fact their economy is booming. Polluting your own soil is never a good thing and spills over on other aspects of society makes it more expensive.