Link: Kicking out immigrants doesn’t raise wages Excerpt: Now that we can put the "nonsense of walling-out Mexico" to one side, perhaps we should concentrate on the Real Problem? Which is that the fact that low-end manufacturing jobs started leaving the US when Chinese goods started entering in the early-1990s and which is still current today. To such a point that our Trade Deficit with China declined 5.5% in 2016, but it still totaled USD 347 billion, more than three-fifths of the overall trade deficit Manufacturing in the US has been reducing historically itself as a major percentage of our GDP. (It is becoming nonetheless highly-specialized with automation.) Which means what? That base-level, easily manufactured but labor-intensive goods, are being shipped off to the Far East. What's a country to do? Something it is has never ever done before. Allow high-school graduates to enter into vocational training in order to obtain jobs in a good number of other job-sectors - and to do so free, gratis and for nothing. (Exactly what both Bernie and Hillary had promised!) Or would we rather be either financing their UI or, worse, sending them off to prison for larceny? Why must that reeducation easy-solution be Mission Impossible in the US ... ?
I think the reason is that the "powers that be" are already working to eliminate as much money spent on the people as possible so that there will be more to funnel to the top 0.1% in various ways. Such re-education costs money to set it up and to run it, and that means tax dollars. But we already cannot afford the expenditures we have without increasing the national debt with our collapsing capitalism in control. Trump says he will create millions of good-paying jobs and it will be "tremendous". But I'm not sure he is going to last long enough to try his tricks.
He keeps repeating the same BS, and people keep believing him. Who are these people, the hopeless who lost good-jobs because manufacturing moved to the Far East. (Where even China is now having Major_Competition from manufacturers in both Vietnam and Combodia.) Those jobs aint comin back to the US, that's for sure. With the present expansion of the economy, some will likely find a job. But the question to be asked is "What kinda job at what kinda salary?" It will NOT be same as they had obtained in manufacturing before, and quite likely pay will be significantly less. Hillary promised them the means to get better qualifications from free vocational-training. Her election-program proposed an apprenticeship funding of $1500 to any company that would hire them. The apprenticeship program is a mix of schooling and OJT over a period of a year; and it is a mainstay program in Germany sponsored by the German government. In fact, it has proven its efficacy at putting skilled people to work in industry. Such a program in the US would have offered many unemployed the opportunity of a better professional activity at a higher pay-scale. But they voted for BigMouth anyway. Stoopid is as stoopid does ... (Forrest Gump)
We have the highest most liberal corporate tax in the world, which Donald will eliminate. When Ireland dropped its rate to 11% half the world's major corporations moved there in whole or in part. If we eliminated the job killing liberal tax altogether and shipped 30 million illegals home there would instantly be 50 million new jobs in America and huge upward pressure on wages! Liberalism is the cancer on the world's economy.
More and more it is proving true that capitalism is the cancer on the world's economy. You want manufacturing to move back to the U.S. and you want "huge upward pressure on wages". Great. So do I. But I know the two are incompatible under capitalism. Why has manufacturing left the U.S.? -for very low labor costs to boost profits. So why would they move back here only to face upward pressure on wages? If you want manufacturing to happen here in the U.S., you will have to advocate worker ownership and management of business because only then can profit not be the priority, and it is profit as a priority that is killing our economy.
All our jobs are going overseas/all our jobs are going to be replaced by machines is post-modern Malthusian commentary. The markets balance things out. It may not do it in a timely fashion in regards to those who are left having needs, but it will happen. Of course people want the drama, so they support tariffs instead of border adjustment taxes so they have some evil villain to point their finger at. "China is ruining America!!!" Trade with China built America. Chinese laborers built America.
the highest liberal taxes in the world are behind many of the moves. Ireland dropped their tax to 11% and half the world's major corporations moved there in whole or in part. Liberals shipped out jobs away. Thats why those who lost their jobs voted for Trump!!! Liberals still lack the character to learn - - - Updated - - - Econ 101 everyone can move off shore so profits are not boosted!! Do you understand?
if they didn't for example pay the highest corporate taxes in the world they could pay higher wages and still be competitive. Do you understand??
