Quote:
Originally Posted by chadk66
I don't think anybody has claimed there wouldn't be a sacrifice to right the ship. In the end it will benefit all very nicely. This shit didn't happen overnight and won't be fixed overnight.
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If one is to suppose that lower wages overseas are the reason why jobs have left. In most cases they aren't but let's just imagine for the sake of the argument they are...
Those jobs that left due to lower labor inputs WILL NOT return until the wages in other labor markets catch up or surpass the ones currently in the United States.
They will simply go to another country that has lower wages and a "fairer" (Trumps words not mine) trade relationship with the United States. Our deficit with a country like China may shrink but will grow with those countries.
The end result no matter how you cut it is fewer options and higher prices for the American consumer.
