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We actively pursue fiscal policy to promote inequitable wealth distribution But you don't see free trade as a policy promoting inequitable wealth distribution?
by WillPostForFood 1y ago
We actively pursue fiscal policy to promote inequitable wealth distribution
But you don't see free trade as a policy promoting inequitable wealth distribution? As designed, free trade is literally moving jobs overseas for lower wages. The primary benefit is higher profits for big companies, and the primary loser is middle to lower class that loses jobs. The best case argument is that the people who lose jobs, and end up underemployed, enjoy cheap imports.
- SideQuark 1y agoThe middle and lower classes have more jobs now in the US, at higher wages, than ever. Your argument simply fails in light of evidence. You can check this via BLS, or Census, or on FRED. And those lower class Americans are higher paid than a huge part of the planet. US poverty level is at the 85th percentile in global income.