We don't have a free trade agreement with China.
But some on here ridicule me and call me an idiot
That's only because you are an idiot.
because I say the China economy is more productive than the U.S. economy
You say lots of things that aren't true.
U.S. manufacturing jobs declined 36% in the last decade. so only 11 million U.S. workers work in manufacturing
It's true, we make more stuff with fewer employees. That's the definition of increased productivity. You said it yourself, China has 100 million manufacturing employees, yet the US makes more stuff.
http://www.aei-ideas.org/2011/01/the-demise-of-america%E2%80%99s-manufacturing-sector-has-been-greatly-exaggerated/
you say I'm an idiot
Yeah, truth hurts.
and that China are idiots for concentrating on manufacturing.
I never said that.
Government spending and government workers produce nothing . the 3 trillion $ annual government budget produces nothing but hardship for U.S. businesses
Yes, we need huge cuts in government.
By the amount that Chin has undervalued their currency so that a China worker makes 50 cents per hour so their production is really 50 times what it says in dollars ,
Your poor understanding of the currency issue is stunning, even when compared to your general lack of understanding.
But China manufactures at least ten times more because their currency is undervalued. You call me an idiot but you don't even understand how China manipulates currency so companies can pay people 50 cents an hour( this was true for 30 years ).
Ok let me try to make this simple for all of you free traders who don't understand. Let's say I start a company in China making shirts. So I pay a china worker 50 cents an hour to make shirts. I also have a company in the U.S.A but I have to pay a worker $20 an hour. Let's say the fabric to make a shirt costs $1. My worker in China makes 10 shirts per day. so 8 hour work day X .50 cents per hour = 4 + $10 IN U.S.A = $14 . IN U.SA I have pay a workers 20 dollars an hour so I pay $160 for that worker to make 10 shirts ,$160 + $10 = $170
So the minimum price I can sell the 10 china shirts is $14 , while the minimum price i can sell the 10 American shirts is $170.. the what the china worker produced is worth $14 but and the U.s. worker worth $170 (at least).
So stats in dollars show here that U.S. workers are at least 10 x more "productive" and that the U.S manufactures 10 x more than china but it doesn't as each worker makes just 10 shirts, the same production.
So china really produces 10 x more if you use real production instead of currency as stats. This is shown when you look at real production of items as in China making most of electronics for 9 billion people earth and making most of the steel if you count it in tons.
The fact is China's currency is undervalued and the U.S. currency overvalued.
Many workers were paid even less in china , many 20 cents an hour and you think that people can live on 20 cents an hour? And you call me names because I understand this when you do not.
At least this should be corrected on the world stage and the U.S. shouldn't trade with any country that manipulates currency like China does.But you free traders are for China destroying the U.S. and all who live here. yeah you are so smug living off of debt and past wealth. It is you free traders who are the problem and helping china destroy the U.S. YOU free traders agree with all of the politicians who are all for China and have sold out the U.S. to China. not a single politician has done anything to fix the currency problem nor the trade with China problem etc. 99% of the people I talk to , real Americans agree with me that we should make things in America and have our stuff made in China. You agree with politicians over real Americans.