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re: Exports to the U.S. make up about 30% of Mexican economy
Posted on 1/26/17 at 10:37 pm to CajunZ81
Posted on 1/26/17 at 10:37 pm to CajunZ81
quote:
When we got rid of tariffs we undercut the wages of all American workers because companies could produce products in countries with lower labor standard and wages, ship them here and sell them at a profit. This is known as the arbitrage of labor and it was done on purpose to drive down wages for all workers in the US. We need to bring back tariffs because it will encourage to buy American made goods and will ultimately help the American worker.
Not many people realize this. Add that to what unrestricted immigration did to wages in America, and you'll see who the winners and losers are and know why our middle class has gone the way of the dodo.
Make no mistake about it: the oligarchs want a 2 tier system-them and us. Free trade with a 3rd world country was an attempt to achieve that, and it has worked spectacularly. Now we'll see if we can come back from the brink and restore the American dream.
This post was edited on 1/26/17 at 10:38 pm
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