Quote:
Originally Posted by reckless
What Trump is doing is making the USA the place to manufacture again, and manufacturing is what creates jobs.
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Manufacturing output in this country has doubled in the last 30 years. We are still a manufacturing country as much as we ever were. In terms of gross output, manufacturing in this country is far and away the biggest sector.
But manufacturing is not what creates jobs here. We aren't, and won't be ever again, a growing manufacturing employer. Of the lost manufacturing jobs in this country over the few decades, 85% have been lost to automation, not to foreign competition. Tariffs aren't going to bring those jobs back, ever.
https://www.marketwatch.com/story/us...des-2016-03-28
PS If you look at trade on a disaggregated basis, we do run a very high balance of trade deficit on goods. But we have a balance of trade surplus on services. We sell more services to foreign markets than we buy from them.
