I love it when people tell you about how the buggy whip manufacturers went out of business, and how it seemed a bad thing. It turned out to be a good thing in the long run because new jobs were created out of the ruins of the old jobs. The only thing they fail to mention is, that the "buggy whip" companies aren't going out of business, they are moving to other countries. The skill and need for the products didn't go away, just the jobs. There is a point at which the consumers of America will no longer have the money to buy the products, because they will have jobs mowing the lawns and washing the cars of the rich(wait a minute, those jobs belong to the illegals).........nevermind.
"There is a point at which the consumers of America will no longer have the money to buy the products,"
Consumer spending is up BIG TIME this year and has been healthy for several years ... while inflaton is tame. why? With cheaper goods, we can buy more for less.
" because they will have jobs mowing the lawns and washing the cars of the rich(wait a minute, those jobs belong to the illegals).........nevermind."
If the 'rich' are American too ... so who's the loser here?
Average incomes are rising, unemployment is going down, productivity and standard of living are up.
The feared downside of free trade is really not there. More jobs are gained than lost in the bargain.