Quote:
Originally Posted by awval999
Sorry I didn't see that.
Trade is complicated. But I'm pretty sure everyone here know that.
I really don't know the answer to the following dilemma:
Manufacturing allowed the lower educated (white) working class to have a middle class income and lifestyle. Capital will always try to lower labor costs. Capital moved factories overseas or across the border to save on labor costs. Working class revolted.
The answer by the way, isn't simply education. Unfortunately, some of these people aren't destined for highly educated type jobs. And yes you can leave them behind, but you saw the outcome of that, it was Trump.
I guess I could keep babbling on, but I do feel for these people. And while I'm aware that life isn't fair, and you can't count on factory jobs forever, be more marketable, blah, blah, it does feel like (to me at least) that perhaps [something] should be done about extracting foreign labor at slave wages and then selling the products back into our country with all the additional profits going to capital.
I find it interesting that the vocal left are "Fighting for $15" as a minimum wage, yet want to laugh at the factory workers as not being "marketable" enough when their jobs go to Mexico. So for example, the left finds it appalling that in Yuma, AZ, a fast-food worker doesn't make $15/hour, but a Mexican factory worker in Mexicali, MX working for $4/day is fine and dandy?
Why isn't it OUTRAGEOUS to you guys that capital moves their factory to a place just for cheaper labor, and then expects to sell their widgets back into this country for no penalty?
But I'm not doubting the complexity of the situation. I think at this point the global supply chain is very embedded and any disruption to that is probably going to cause some short-term problems that most Americans wouldn't be happy with.
But Trumps #2 issue (#1 immigration?) was trade and "bringing the jobs back" and I think it is pretty obvious he has no plans to do anything on NAFTA besides minor changes and he isn't going to get tough with China. That is kinda the point, he makes everything sound easy as **** and yet he can't do anything, at what point do you just say "Ok yeah, con man, sounded good but it's not happening"
https://www.bloomberg.com/politics/a...hreats-ignored
Ford and GM can send as many press releases to the WH as they want about investing in Michigan, but nothing is going to change.
So con man? I mean, how long do we need to measure this stuff? NAFTA isn't going anywhere and neither are cheap imports.