Boss
Take a Memo:
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- #161
100% stupid and liberal of course. Smoot Hawley protectionism caused Great Depression.
If one country protects its horse and buggy industry then it evolves backward rather than forward. Over your head?
Hey, I realize "protectionism" sounds kind of bad... like we're too stuck up or too good for everybody... we got ours, screw you... this is OUR pie, get your own! But it's fundamental to maintaining a vibrant free market capitalist system. Our companies can not compete as free market capitalists with countries who have a communist system. If our companies could pay people $1 a day, they could compete... but that's not realistic.
Now you mention horse and buggy industry and the Great Depression... Back then, we were a nation who manufactured and produced.. it was the backbone of our economy. We didn't have Big Labor pushing the price of labor higher and higher... that came later. It was very important back then to develop trade alliances with people who would buy our stuff. We exported FAR more than we imported.. That kept people employed and kept businesses booming. We no longer have much manufacturing and producing, we are largely a consumer nation. We import FAR more than we produce to export.. The trade deals we are making are killing us while making a few people very rich.
Let's go back to the OP problem of increasing wages. We can't increase wages if we must compete with countries who pay their people $1 a day. All that does is decrease American jobs... less jobs means more supply of labor. As long as supply of labor is greater than demand for labor, the wage stagnation problem with remain. You have to create an environment where labor is in high demand and limited in supply. You don't get there by inviting 20 million illegals to stay in this country and work under the table for less than minimum wage. You don't get there by outsourcing jobs to people who will work for $1 a day. You don't get there with "fair trade" deals that screw the American laborer. Those are all counterproductive measures for what we seek to accomplish.
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