But we are getting poorer. Real wages have stagnated for those that still have jobs, but many have lost jobs and 100 million Americans are on food stamps now.
The problem is that we lowered the import tariffs and let every the excess labor in every third world country compete against the Americans worker. And the products of that labor is still sold into the American market not the foreign markets.
So what's happening is that the American workers are losing their jobs, and the Americans that still have jobs are buying the cheap imports, which enrich countries like China, while creating the incentive to for those countries to undermine even more American industries.
We need to raise the import tariffs and put American workers back to work.
I urge you to visit nationalreview.com and read Kevin Williamson’s latest article about the Chinese and our trade policies.