I am not disputing the job loss but it comes as the value of the output has held steady to increasing. Ask yourself why is the value of manufactured goods climbing while job losses accelerate?
Answer is: The US government penalizes hiring people through its laws and taxes. Every employee is a lawsuit waiting to happen, a tax burden, and adds the potential for union meddling. Add to that a tax system that adds to the complexity of hiring due to federal tax, ss tax, state tax, local, tax, school tax, unemployment insurance state, unemployment insurance federal, medicare tax, COBRA, shall I go on?
Want to start on the penalties for deploying capital in this country?
Bottom line is, if you are going to manufacture goods in this country you had better make sure it doesn’t involve many employees and that it yields a very high return on capital.
Again blame your government not China.
I'll answer your question but will you answer mine? What if we put a trade embargo on China and other countries? then won't we be able to make in the U.S. the 2 trillion dollars of products we import into the U.S. ever year? we can make 2 trillion dollars worth of more products here in the U.S. which will increase our wealth ,living standards, jobs etc.
“Ask yourself why is the value of manufactured goods climbing while job losses accelerate?”
That value is just inflation and overvalued Currency and they include mining and utilities in manufacturing to inflate the numbers. The dollar is overvalued. A worker in China makes 50 cents a n hour. You really think an American has 30 times a higher living standard than a Chinese person? So also a product an American produces costs 30 times more but that doesn't mean he is producing 30 times more.
China manipulates currency to keep the dollar high. That is just more globalist propaganda.If you look at manufacturing jobs in the U.S. in any way by percentage , total number , whatever , it is clear that U.S. manufacturing is disappearing.
These quotes are from a study that is linked below:
“Robert Scott calculates that 2.4 million American jobs were lost between 2001 and 2008 as a result of increased trade with China,
The paper shows that Chinese currency manipulation— which has kept the value of the Chinese yuan low even as its exports have surged–is a major factor behind the widespread job loss”
http://www.epi.org/publication/counting_the_jobs_lost_to_china/
China has stolen U.S. technology. And they manipulated currency so that they can pay workers 1/30th what U.S. workers make. They used our technology and our U.S. market to pillage , con ,destroy our jobs and our people. China is the enemy.
The U.S didn't trade with communist china for decades and we were on top of the world. There is nothing is some stupid free trade theory that says we have to trade with China .Just the simple fact that they stole and are stealing U.S. technology and intellectual property is enough to stop all trade with China as the U.S. had done for decades (not only China but USSR and Cuba too we didn't trade with).
Treasury Secretary Timothy Geithner said on Thursday that China is holding to its decades-old strategy to steal American intellectual property, in a pointed statement reflecting U.S. officials' growing impatience with Beijing. "They China have made possible systematic stealing of intellectual property of American companies and have not been very aggressive to put in place the basic protections for property rights that every serious economy needs over time," Geithner told a forum in Washington. "We're seeing China continue to be very, very aggressive in a strategy they started several decades ago, which goes like this: you want to sell to our country, we want you to come produce here ... if you want to come produce here, you need to transfer your technology to us," Geithner said.
As president I would cut off all trade with China just because of the intellectual property they stole from us.I would do a trade embargo against China and guess what then we could actually make our own electronics and a million other products that we use: and that would increase our manufacturing jobs and factories by tenfold.
Ok maybe you “free traders” wouldn't want to trade with an intellectual property stealing China?
Private property is the foundation of capitalism. China steals, plunders private property, steals technology from U.S. companies, steals intellectual property from U.S. companies.. that in itself is enough not to trade with China.
Here is some evidence that China is stealing intellectual property from the U.S. etc. : Also they have manipulated currency and put up trade barriers.
Treasury Secretary Timothy Geithner said on Thursday that China is holding to its decades-old strategy to steal American intellectual property, in a pointed statement reflecting U.S. officials’ growing impatience with Beijing.
“They China have made possible systematic stealing of intellectual property of American companies and have not been very aggressive to put in place the basic protections for property rights that every serious economy needs over time,” Geithner told a forum in Washington.
“We're seeing China continue to be very, very aggressive in a strategy they started several decades ago, which goes like this: you want to sell to our country, we want you to come produce here ... if you want to come produce here, you need to transfer your technology to us,” Geithner said.