I would submit to you that a lot of people who aren’t investors have been looking at their paycheck and realizing that all the airy-fairy promises of the economists about wage growth haven’t come true, and that what the Little General (Perot) said about wages did come true.
“Free trade” and WTO/GATT has resulted in bogus regulations of the EU being pushed down on American businesses, lawsuits filed in punitive actions against American companies while European violators go scot-free. Look no further than the crap being brought against Boeing and Microsoft, two of our largest exporters, even now.
The American people gave it a fair shot, free trade hasn’t produced what the proponents promised, fair shot is over. Economists need to either shut up or lose their jobs. Because when most Americans are wrong at work, they suffer some penalty.
Economists, however, are like government weather forecasters: they can be consistently wrong and they keep their jobs. That should change.
What did Perot say about wages?
The American people gave it a fair shot, free trade hasn’t produced what the proponents promised
Which promises did not work out?