Quote:
Originally Posted by JackS
I'm going to stop you right here. This statement shows a remarkable lack of understanding about the basic principles of economics, specifically regarding international trade. Trading with other countries HAS NO EFFECT on the number of jobs in the US economy. The unemployment rate is controlled mostly* (not entirely) by macroeconomic policies set by Congress and the Federal Reserve.
Please, please, please do some research about economics before making extraordinary claims like this.
|
Pretty sure when a some chinese factory can produce parts for cheaper then a American factory, then the American factory is going out of business. First the chinese factories don't have to abide by environmental rules that American factories would otherwise have to follow. Then you have the obvious of cheap labor. That's free market/capitalistism for you.