Complete nonsense...A men's shirt that costs 10 cents to produce in China or Indonesia still sells for 20 bucks at JC Penney's...
A snowblower produced in China this year costs more than last year's American made model...
And then the jobs are gone from America...
The same shirt made in the us costs $45. Now in clothing yourself you can no longer afford steak. I hope you like chicken. Or ramen noodles.
That Chinese snowblower may be a higher quality model or in higher demand.
Microeconomic examples to disprove macroeconomic principals.
Notcool, you do not determine what the market will bear. You would only screw up the information inherent in the pricing system.
Why do I feel like Milton Friedman on the Phil Donahue show? That’s also way before my time.
How in the world did the USA survive economically before Nixon gave a wet kiss to the ChiComs? I grew up in the 60’s. Everything my parents bought me was probably made in the USA. What is different now? Nothing really. Nixon was a bastard.