You regurgitate textbook theory of which we are all well aware.
Your little fish and huts story was entertaining. But tell me. In this free trade world what exactly is America specializing in that can't be done by Ram or Chan or Felix overseas at much cheaper cost ? The more dependent Joe Sixpack becomes on borrowing money to buy cheap imports that he can no longer make for himself, the sooner the day of reckoning when the dollar will no longer be worth anything.
In the context of a global glut of labor THERE IS NOTHING THAT AMERICA CAN SPECIALIZE IN THAT WILL SUPPORT THE AMERICAN STANDARD OF LIVING. Or do you flatter yourself with the notion that all Americans are smarter than all Chinese or Indians ?
Look up Law of Comparative Advantage and you will find that this is an irrelevent argument.
In other words, a brain surgeon can do brain surgery and house cleaning cheaper than everyone else in the world. It will still pay for him to hire someone to do the housecleaning even if he can do it cheaper himself.
Or do you flatter yourself with the notion that all Americans are smarter than all Chinese or Indians ?
Not to mention the fact that those two countries are graduating scientists and engineers at a rate approximately an order of magnitude higher than we are...