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Holy shit! Now this is getting down to the core of the problem. Trump is just asking for fairness in trade with the US.
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Is it really though? Let’s say they take the deal, what will happen with the trade deficit we have with the EU?
I didn’t think that fairness in trade was the problem, i thought the imbalance of trade was the greater issue. We buy far more from them than we sell. Will that change with the removal of all tariffs?
Will that change with the removal of all tariffs?
What’s NOT healthy is when a nation refuses to negotiate its own deals and lets itself be taken advantage of by everyone else. Our wonderful pantheon of past Presidents did exactly this and we are still paying that price.
Let's see if you can find the point where that started happening, in the graph below:
Cheap production in China, relatively high sale prices in America => big profits at the expense of American workers. Let's see if you can find the point where that started happening, in the graph below:
Fucking Nixon went to fucking China, duh.
I’ve got seven words for you
Liberals
Liberlas
LIB ER Als
Liberlas
Liberals
LIB ER ALLSSS
LLLIIIBBBVEERRRALLLLLSSSSS!!!
Brilliant political move.
But essentially none of this productivity growth flowed into the paychecks of typical American workers. Second, pay failed to track productivity primarily due to two key dynamics representing rising inequality: the rising inequality of compensation (more wage and salary income accumulating at the very top of the pay scale) and the shift in the share of overall national income going to owners of capital and away from the pay of employees. Third, although boosting productivity growth is an important long-run goal, this will not lead to broad-based wage gains unless we pursue policies that reconnect productivity growth and the pay of the vast majority.
Brilliant political move.