The fallacy is that no jobs are exported.
To reiterate stronger......NO JOBS ARE EXPORTED
The American workers are not competative and the cost of products they make at the labor cost prevailing will mean product sales will or already have diminished below profitability.
The jobs of the Americans lost regardless of what the company does.
“To reiterate stronger......NO JOBS ARE EXPORTED”
Still, you are wrong.
That is the globalist BS too many freepers fall for. If we had reduced regs and taxes, many still would leave the US because if I can get a Chinese engineer, IT worker, factory worker willing to build the US device for 75 cents and hour, the US corporations will still export the jobs. Problem is what do you do with all the unemployed workers left behind after they shouldered the tax breaks to the US corporations to entice them to stay (and they took the tax breaks and used it to build/train the Chinese to do the jobs any way). If the Chinese and the world reciprocated to US products and industries, then free trade works, but they do not. The only people who benefit from this scheme is the CEO, bankers and the few on top, while the middle class and working poor are feed this nonsense and starves. Reduction of taxes and regs will buy us some time for keeping jobs in the US, but once the Third World is trained by US corporations to do the job, the jobs will leave in a heartbeat.
If cost is your the bottom line, then let us let the Chinese build our tanks, F-22, aircraft carriers, missiles and etc. Let them own our oil fields, rare earth mines and etc. I think the Japanese are learning the folly of such policies first hand.
If we are to survive and dominate the 21st Century, stop thinking like Wall Street and start thinking like the Chinese when they invented silk. That is the real world and not the BS sold to Main Street. By the way if free trade worked so well, how come the US is broke, our gov and corporations are deep in debt, have high unemployment and lack strategic resources if war should hit us, while China has secured their resources, sitting on loads of cash and her factories are humming. Judge business models by results and not by ideology. Make the theory fit the facts and not the facts fit the theory. That is the problem with proponents of free trade, they do not recognize the destruction it has wrought on this country.