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In reply to the discussion: The Rise of Donald Trump is a big flashing neon sign that something is very wrong in this country [View all]Egnever
(21,506 posts)They seem to scream pretty loudly to me that contrary to the popular meme that america isn't producing stuff anymore America definitely is. Maybe not in coal mining or horseshoeing but are we really supposed to keep hiring people to do that when the demand for those things is disappearing?
There is no question there are many people hurting. My argument is it has little to do with trade and much more to do with profits being driven on the backs of american workers wages. Not because of any competition with foreign workers, though that is certainly the case in some industries, but because it is easiest to cut costs by cutting payroll. There was a reason for the rise of the unions and the rise in the american standard of living because of them.
I feel like I am having difficulty explaining so one more time. Corporations are making more money than ever before yet they are not extending that windfall to the employees instead they are using them as profit to enhance their stock. The wages are not going to go up because we put up trade barriers. We need higher minimum wages or short of that we need a lot more union organization to force a more even disbursement of the production that is clearly going no where but up.