No that's not what I said nor meant.China's currency manipulation allows companies to be able to pay workers 50 cents an hour . So to have a businesses in America especially in manufacturing then you'd have to pay your workers 30 times what you would pay your workers if they were in China .So who in their right mind would pick the U.S. to create a company or employ workers. You can build the same cutting edge technology factory with the same machines in China or the U.S. but to do so in the U.S. then you'd have to pay workers $20 an hour or so but in China you can pay them 50 cents an hour. Which would almost all people choose? And you really think practically all our manufacturing won't go To China or other countries?
The U.S. created zero net jobs in the 2000 - 2010 decade.
In contrast 22 million jobs created in the 1990s. And we did have a huge government, high taxes, and hundreds of thousands of government regulations in the 1990s too( of course job growth is in spite of these things). In fact in the 2000s we had lower taxes than in the 1990s( the Bush tax cuts). the main difference , the reason for no jobs in the 2000’s vs the 22 million in the 1990’s drum roll is: that Clinton signed NAFTA and the free trade agreement with china AND that Trade with China and other countries exploded in the decade of 2000- 2010, in short your “free trade”.Your free trade is just one sided trade that China manipulates to Rip off America. Now china has stolen thousands of industries from the U.S. like the many industries of the consumer electronics industries( smart phones, ipads, kindles, etc.). Yes you agree with Clinton and Obama on free trade.
We have zero jobs created in 2000s and 14 million new foreign immigrants and their children born here after that, close to 40 million increase in population and you say the U.S. job market is not broken. There naturally has to be created many fast food joints, gas stations , walmarts( the foreigners are all there), to accommodate this population and still we have no net jobs. That's what America is becoming retail outlets for things made in other countries. and you think we can keep our technological advantage like that ?
Why don’t you explain what the Yuan would be worth if they stopped their manipulation? Show all your work.