RealDave
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- Sep 28, 2016
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- #121
That is what happens when people/places fail to adapt and change.
US manufacturers could never become more competitive as the wages they had to pay were never going to allow them to. The only way to become more competitive was through technology and automation, which again does not help much when it comes to jobs.
Wages doesn't explain why the EU has a large trade surplus with US.
Germany has an nice large trade surplus and they have twice the level of manufacturing employment we have, so automation doesn't seem to be a job killer on that side of the Atlantic.
And regardless, the point is,
what was supposed to happen, did not happen.
The policy has failed.
Time to adapt and change to that reality.
There is no policy that failed, there are just the realities of the world we live in today as opposed to the time of Lincoln.
As the saying goes, you cannot put the genie back in the bottle
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Free Trade, or should I say, "Free Trade" is a policy.
Certain claims were made about how it would benefit US in the long run.
Those claims have not been borne out.
A policy that does not deliver the promised benefits is a failed policy.
Stating over and over again that "times have changed " is not an argument.
More of a philosophy than a policy. And while the free trade might have hurt some sectors, it has helped others.
It is hard to make the argument that free trade has not benefited the US when we are in the midst of the 3rd longest period of economic expansion since the great depression.
We've been ignoring, if not maliciously slandering those sectors it hurt for decades now, and the human cost and damage to the fabric of American society has been great and growing.
I want more and better jobs and wages for the working poor and middle class in this country.
ASAP.
You think corporations can't afford to pay more?