“We manufacture more than ever.”
But are our manufacturers RELATIVELY more than ever before, i.e. untis per capita? And what do we manufacture more of?
“We have record employment.”
But how do those salaries compare in average real earnings with, say, the 1960’s or 70’s?
“We need a wall, a big one.”
We both agree there.
“Loss of trade dollars? You mean when an American spends his money and gets a Chinese product? Maybe loss isn’t the right word?”
If an American is paying money for a product made in a Country which is hostile to us, and that same product can be better produced here, isn’t that a loss of money to a hostile power?
These aren’t rhetorical questions and I’m an economist. I;m just telling you what I have herad, and read and how things appear to my eyes.
I’m always open to facts.
The manufacturing sector makes more than ever, with fewer employees and is a smaller portion of GDP than in the past.
And what do we manufacture more of?
Lots of stuff. We even export more manufactured goods than ever.
But how do those salaries compare in average real earnings with, say, the 1960’s or 70’s?
They're higher.
If an American is paying money for a product made in a Country which is hostile to us, and that same product can be better produced here
Better produced here? What do you mean?
isn’t that a loss of money to a hostile power?
If you freely buy a good from a willing seller, you are not "losing" money.
These aren’t rhetorical questions and I’m an economist.
You're an economist? Where?