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OK. I assume you recognize the fallacy in your statement. As for the statement regarding low wages being the primary driver, you are ignoring the impact of pro
by cudgy 4y ago
OK. I assume you recognize the fallacy in your statement.
As for the statement regarding low wages being the primary driver, you are ignoring the impact of protectionism. The Chinese do it now, and they did it through the whole process of on-shoring jobs in the United States. The United States traditionally has done it as well, with the exception of the recent decades of globalism, hence the huge reduction of jobs overseas. Furthermore, there have been cheaper workers around the world compared to United States workers for as long as the United States has been in existence. If lower wages always determined the number of jobs in the United States, how did the US grow at incredible rates in the 20th century given the fact that cheaper wages were available around the world?