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Interesting Article that Explains A Lot Regarding the Economy

#20

The real problem has to do with each and every one of us.  We have become a consumer based society rather than production based.  As an example, just take a look at vehicles.  There is not one single American Made vehicle in this country today (other than vintage artifacts).  Sure there are vehicles ASSEMBLED here, though not as many as there used to be.  Parts are made elsewhere from components produced elsewhere.  Really, we couldn't function without trade with other countries.

 

Now think about how higher tariffs would affect our economy.  That smart phone that you carry around would double in price.  The laptop, computer monitor, television that you use either at home or at work would cost more.  The appliances that you use in your home would be more expensive.  Cars, and the tools necessary to maintain and/or repair them would go up in price.

 

Companies can't produce those kinds of things here because of labor unions, the demand for higher wages and the "penalty" of their "carbon footprint".

 

One thing that Donald Trump pointed out in a recent debate defending his hiring of foreign workers caught my attention.  At his hotel in South Florida, he said that "people didn't want those jobs because they were seasonal".  Of course, they were lower paying jobs such as maids, food service, bar service, etc.  That might actually be true, but what happened to the high school student earning money to pay for college?  What about the single mother or a struggling family trying to make ends meet?  I'm sure they would fill the jobs.

 

Reality is the cost of hiring these people.  He would have had to pay worker's compensation insurance, taxes, etc.  It was cheaper for him to hire foreign workers rather than hire those Americans that he supposedly supports.




There are 10 kinds of people in this world.  Those who understand binary and those who don't.
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Interesting Article that Explains A Lot Regarding the Economy - by jagibelieve - 03-11-2016, 03:07 PM



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