Free trade explained very very simply:

[NYcarbineer]

And stagnant or negative wages for how many years?

for all the years until we switch back to capitalism. We could eliminate the corporate tax tomorrow and bring back 20 million jobs and huge upward pressure on wages. Do you have the IQ to understand??

You really think corporate tax policy could be enough to bring back a dollar an hour job from the third world,

and pay good American wages in the process? You're delusional.

 

[NYcarbineer]

Low skilled, low tech manufacturing should be done by low skilled, low paid laborers. If you want to make big bucks, you need a big education and employment in high tech industries.

They are called "developing countries" for a reason. They do not have the infrastructure, education, or innovation skill set of advanced countries.

We can't sit still. We have to constantly move ahead. What was the wiz-bang tech yesterday is low tech old hat tomorrow. Sooner or later, your job is going to move to those countries which have developed.

You have to stay ahead of the power curve, and that means education and research and the protection of patents.

The days of growing up to work in the same factory as your daddy are over, kids.

The problem with that is that the rest of the world will beat us on wages on high skilled jobs too.

 

[EdwardBaiamonte]

Next dumb topic, please.

dear stupid, the topic isn't the % who die of cancer but rather free trade.

Do you have the IQ to understand??????

 

[Missourian]

dear stupid, you did not respond to OP but rather tried to change subject because you are too stupid to respond to op. How will you learn if you are afraid to try??

This is how you prove your point? By insulting anyone who disagrees?

You do more damage to your own cause this way than any of us could do.

Pray continue to display your overwhelming intellect and expert debating skills...I'll be over here attempting to contain my mirth.

Don't be too hard on Granny. She's a very old woman with some significant medicinal habits. Don't let the username fool you.

Thanks for the heads up.

 

[EdwardBaiamonte]

The problem with that is that the rest of the world will beat us on wages on high skilled jobs too.

of course if true we would not have 95% employment now even with liberal policies that drove 30 million jobs off shore and invited 20 million illegals in to take the remaining jobs and drive down wages.

 

[g5000]

And stagnant or negative wages for how many years?

The collapse of the USSR woke up China and India. They realized the fatal flaw of centrally planned economies and started moving toward market-based economies.

What this meant is that about two billion people entered the world labor market almost simultaneously. Two billion new competitors for work. All at once.

The effect of that is some unavoidable, long term wage suppression on a global scale.

As those two countries develop, their economies will become less and less dependent on exports and more and more dependent on internal consumption. Then we will see wages start rising rapidly again.

A natural economic evolution. And it's fucking awesome.

 

[EdwardBaiamonte]

And stagnant or negative wages for how many years?

for all the years until we switch back to capitalism. We could eliminate the corporate tax tomorrow and bring back 20 million jobs and huge upward pressure on wages. Do you have the IQ to understand??

You really think corporate tax policy could be enough to bring back a dollar an hour job from the third world,


and pay good American wages in the process? You're delusional.

dear stupid, Ireland dropped its tax to 11% and most of the world's major corporations relocated there in whole or in part.

 

[g5000]

And stagnant or negative wages for how many years?

for all the years until we switch back to capitalism. We could eliminate the corporate tax tomorrow and bring back 20 million jobs and huge upward pressure on wages. Do you have the IQ to understand??

You really think corporate tax policy could be enough to bring back a dollar an hour job from the third world,


and pay good American wages in the process? You're delusional.

dear stupid, Ireland dropped its tax to 11% and most of the world's major corporations relocated there in whole or in part.

Nope. Not most. Not even close.

You really need to stop making shit up.

 

[EdwardBaiamonte]

A natural economic evolution. And it's fucking awesome.

true, the more people trying to cure cancer the better for everyone assuming stupid liberals will alllow trade.

 

[TNHarley]

Unregulated free trade will be the answer to all questions when labor is mobile. Untill then, free trade must meet with fair trade under certain circumstances.
I for one don't appreciate open borders and globalization.
Your use of emotion on a very complex subject is desperate to say the least.
I predict my response will be " too stupid and liberal" lol

dear stupid, you did not respond to OP but rather tried to change subject because you are too stupid to respond to op. How will you learn if you are afraid to try??

Your use of emotion on a very complex subject is desperate to say the least.

dear stupid, you did not respond to OP but rather tried to change subject because you are too stupid to respond to op. How will you learn if you are afraid to try??

Afraid of what? A weak emotional appeal? lol weak son. weak

 

[EdwardBaiamonte]

You really need to stop making shit up.

ireland is perhaps the world's best example of the huge supply side economic activity that can be created by dropping the corporate tax. Dropping it to 0% would cause an explosion in economic activity.

 

[EdwardBaiamonte]

Unregulated free trade will be the answer to all questions when labor is mobile. Untill then, free trade must meet with fair trade under certain circumstances.
I for one don't appreciate open borders and globalization.
Your use of emotion on a very complex subject is desperate to say the least.
I predict my response will be " too stupid and liberal" lol

dear stupid, you did not respond to OP but rather tried to change subject because you are too stupid to respond to op. How will you learn if you are afraid to try??

Your use of emotion on a very complex subject is desperate to say the least.

dear stupid, you did not respond to OP but rather tried to change subject because you are too stupid to respond to op. How will you learn if you are afraid to try??

Afraid of what? A weak emotional appeal? lol weak son. weak

dear stupid, you did not respond to OP but rather tried to change subject because you are too stupid to respond to op. How will you learn if you are afraid to try??

 

[g5000]

If China invents a cure for cancer and does not practice free trade, 50% of Americans will continue to die of cancer.

If the moon blows up, it will affect the tides. Do you have the IQ to understand?

 

[EdwardBaiamonte]

If China invents a cure for cancer and does not practice free trade, 50% of Americans will continue to die of cancer.

If the moon blows up, it will affect the tides. Do you have the IQ to understand?

If China invents a cure for cancer and does not practice free trade, 50% of Americans will continue to die of cancer.

 

[g5000]

I think I get it now.

Corporate taxes cause cancer!

What do I win?

 

[EdwardBaiamonte]

I think I get it now.

Corporate taxes cause cancer!

If China invents a cure for cancer and does not practice free trade, 50% of Americans will continue to die of cancer.

 

[Moonglow]

If China invents a cure for cancer and does not practice free trade, 50% of Americans will continue to die of cancer.

Oh you mean corporation's idea of Free Trade.....

 

[Missourian]

Low skilled, low tech manufacturing should be done by low skilled, low paid laborers. If you want to make big bucks, you need a big education and employment in high tech industries.

They are called "developing countries" for a reason. They do not have the infrastructure, education, or innovation skill set of advanced countries. But they have hordes of low skilled, low paid laborers. That's their only advantage and they will exploit it to the max. Seeing those hordes elevated out of an abject existence is not a bad thing.

We can't sit still. We have to constantly move ahead. What was the wiz-bang tech yesterday is low tech old hat tomorrow. Sooner or later, your job is going to move to those countries which have developed.

You have to stay ahead of the power curve, and that means education and research and the protection of patents.

The days of growing up to work in the same factory as your daddy are over, kids.

That leaves a lot of people who earned good livings in the manufacturing sector high and dry.

 

[g5000]

If China invents a flying car and does not export it, 128.2 percent of Americans will still have to travel to work on roads.

I'm tho thmart!

 

[edthecynic]

Free trade is ALWAYS a plus for BOTH sides as long as the Law of Comparative Advantage is obeyed.

What is comparative advantage? | Investopedia

Comparative advantage is an economic law that demonstrates the ways in which protectionism (mercantilism, at the time it was written) is unnecessary in free trade. Popularized by David Ricardo, comparative advantage argues that free trade works even if one partner in a deal holds absolute advantage in all areas of production - that is, one partner makes products cheaper, better and faster than its trading partner.

The primary fear for nations entering free trade is that they will be out-produced by a country with an absolute advantage in several areas, which would lead to imports, but no exports. Comparative advantage stipulates that countries should specialize in a certain class of products for export, but import the rest - even if the country holds an absolute advantage in all products. (To learn more, read What Is International Trade?)

The essence of this law can be illustrated with a simple example. Imagine that you are a skilled cabinetmaker as well as a gifted painter. It takes you a day to build a cabinet or a day to paint a picture. In the local economy, paintings sell for $400 and cabinets go for $350. Your neighbor also shares the same skill sets, but it takes him a day and a half to build a cabinet and three days to complete a painting. You have an absolute advantage over your neighbor in both areas, so you should try to outproduce him across the board, right? Wrong.

Here's why: If you flip between painting and cabinetmaking over a six-day work week, you would produce three paintings and three cabinets worth $2,250. If your neighbor embarked upon the same work schedule, he would produce one painting and two cabinets worth $1,100. There would be a total of four paintings and five cabinets produced: a total of nine production units. If, however, you were to choose to focus on painting, the area where you have the greatest comparative advantage and the most profit, and leave cabinetmaking to your neighbor, something magical would happen. You would produce six paintings worth $2,400 per week, while your neighbor would produce four cabinets worth $1,400, bringing the total to 10 production units. In real terms, both you and your neighbor would be richer for specializing - and the local economy is one production unit the better for it.

This example rings true on the level of international trade as well. Britain provided support for comparative advantage by essentially outsourcing its food growth (importing grains, meat, cheese, wine, etc.) and focusing on manufacturing goods for export, thus, becoming the workshop of the world during the industrial revolution. comparative advantage urges nations to engage in true free trade and to specialize in areas where they have the highest comparative advantage, instead of looking to bolster weak industries from foreign competition by imposing protective tariffs that otherwise stifle the production that leads to overall gains in wealth.