Your theories are obviously not working because the middle class is shrinking and the median income is dropping Pretty much everything is easily outsourced, including the Silicon Valley and everything is cheaper in India or China. Your job is next, unless you're in shoe-shining business in which your job will be taken over by an illegal or you're run out of customers whose job has been outsourced...
Even if that’s true, protectionism is no solution. The world is changing and you have to accept that. America cannot be “great again” like it was in the 1990s, 1950s or even 1920s. People have to accept a decrease in standard of living and work hard again if you want to compete with India or China. One of the examples I want to give you is how people raise families. Are young Americans who were raised in spacious suburban homes ready to move into small, cramped apartments, but still have more kids. Sure, it is a decrease in standard of living, but unless you are willing to do that, you won’t be able to compete with India or China.
Even if he GDP triples every year, the economy is utterly failing if the population "has to accept a decrease in standard of living". The economy exists to increase, not decrease the standard of living, it does not have any other purpose, especially in democracies. And pitting 200 million strong American middle class against 1 billion dirt poor Chinese and 1 billion dirt poor Indians will lead to the inevitable result of the total distraction of the middle class. No amount of slogans that we need to compete and get better education will overcome the realities of life that they will do the same job (manufacturing or computer or accounting etc) for a fraction of your salary. And no one is immune, not even those whose jobs can't be outsourced if his countrymen can't pay for his services.
Seems to some the answer to Globalism is.. more Globalism.... I simply do not get it. It would be like saying a patient has cancer and then to flood their bodies with more cancer cells .
The economy has no inherent purpose, and certainly not to guarantee increases in standards of living.
Are Trump's 'Signature' garments being made in America yet, or are they still made by the Chinese and Mexicans whom he despises so much? Can you spell 'hypocrite'? Trump clearly can't.
In the real world the purpose of the economy's existence is to put food on the population's table, not to provide some abstract growth which is totally meaningless and in fact adding insult to injury if the people's standard of living decreases. And while the economy can't indeed guarantee standard of living increases, this is its goal and this is how it's measured by regular people , as opposed to people in academia and Washington politicians.
actually, white collar job, especially tech barely get any outsource, most are blue collar jobs. low skill job are easily replace, while high skill job is NOT, it require decades of knowledge/know how.
A ton of white color computer, customer service, even accounting and parallegal jobs have been outsourced, those that weren't are filled by and endless stream of H1B visa holders, diluting the work pool and depressing the wages. If you think that modern day Chinese, Indian, Eastern European engineers or scientists are one iota less knowledgeable or experienced than their western counterparts, think again. The stagnant declining medium wage and skyrocketing income inequality shows the true result of these policies. The rich are getting insanely richer while American middle class and working poor are pitted against billions of 3rd world poor and millions of work visa holders and the middle class is clearly losing the battle.
wait until big D drops the hammer and puts the requirement that businesses employing illegals will be investigated. BOOOOM! Its going to be beautiful. All those jobs will go to unemployed fellow americans!
"Buy American" needs to be put into context. If Ford is made in Mexico do you buy the product because it's an American car? If BMW is made in New Jersey do you buy it because the company employs Americans? As far as weapons go, he who builds a better mouse trap should get the contract. But that's just me.
"Buy American" slogan is certainly not absolute and shouldn't be used at the expense of quality or functionality. That said, the concept applies to employing the American people, the owners and CEOs are doing fine already. A Toyota manufactured in Michigan employing 10,000 Americans is certainly preferable to a Chrysler assembled in Mexico and enriching the owners beyond their wildest dreams.
you got any prove? phone customer service, is that even white collar jobs. I'm talking about HIGH skill worker, not someone answer the phone. obviously you never enroll into classes in US engineering grad school, is not that the foreign student smarter, is that they are more of them. many high tech such as google,cisco etc etc, can't find enough American with the qualification/skills, hence when goto silicon valley, you see a lot indian,Chinese etc etc. seriously goto any decent university engineering school, especially the grad school, tell me the ratio of foreign students vs American. Now go search number of job opening base on these skills. for every American grad student there are 10+ position needed. in other words we are in short of high skill workers. The H1B fill these empty position and absorb talent engineer/high skill worker from other countries as our own, later these engineer will become US citizen. watch this oh, check how many these indian/Chinese born professor in the university, especially engineer school https://www.youtube.com/watch?v=NK0Y9j_CGgM
Economics is how we quantify transactions. There is no purpose to it. If I want to buy your My Little Pony Collection and you want to take that money and buy lottery tickets, it is not done with your alleged purpose of improving anybody's standard of living. It is simply the measurements of the multitude of capricious transactions.
Well, we're discussing the role of economy in the real world, not the definition of economics in academia. Btw economy: the wealth and resources of a country or region, especially in terms of production and consumption of goods and services. The point is, the economy is working when the standard of living is improving. All other definitions and criteria are essentially meaningless outside of academic circles.
Buy "Insert national flag" was true before the internet. Even Trump doesn't believe this. He is a man of wealth to enjoy pleasures from around the world. Why limit yourself.
Now you're the one with nonsense. No we can't be great again like we really were NOT in bygone times, but we can continue to be great like we actually ARE. Trumpian and conservative BS notwithstanding America continues to be the most modern and strongest economy in the world, and if you say it isn't, please tell me which one is, and show me the numbers that say so. There isn't any reason that a post-industrial world-competitive economy can't provide the same or better standard of living than we have now. Are recent programming graduates living in small cramped apartments? If they are it's only because of the Porsche in the driveway And Indian/Chinese workers too are having it better and better, as are their businesses. The modern world is better for everyone who keeps up with it. Trump's protectionism is an unsustainable solution by which most of us support a minority who won't do that while we all fall behind everyone else, and once you fall behind in any race it is never easy to catch back up
You are still wrong.in the real world. If I grow a tomato and eat a tomato your standard of living number doesn't change but my standard of living has by 1 tomato. In terms of economics, if your car gets repossessed, your standard of living increases because you now have more discretionary spending money, but you would be hard pressed to find someone who thinks the bank snatching their vehicle improves their standard of living at all. These are all just random numbers which people find value in based on what they are looking for, not because the numbers themselves have a true value.
Agreed on Sig being a better pistol. It's pretty funny how the idiot in chief forgets all of his trump brand garbage is made in asia.
