“Trump can’t fix this.”
Of course he can. Abandon NAFTA and tariff countries with cheap labor. The solution is actually quite simple. It’s just a matter of political will.
Besides, $25.00/hr for factory workers is still below what it ought to be relative to inflation since the early days of Henry Ford, and if President Trump succeeds in halting and reversing illegal immigration, that rate should go even higher due to ACTUAL market forces. Imagine that, reduce the illegal labor supply and watch market forces at work! What will they think of next?
Will it cost us more to buy stuff? Absolutely, but we’ll also be able to afford it because of higher wages, AND we’ll have full employment, the original vision of Henry Ford: pay people who make stuff enough that they can buy the stuff they make.
Will it cost us more to buy stuff? Absolutely, but we’ll also be able to afford it because of higher wages,”””
Don’t know your age, but you are forgetting about a significant part of the USA population.
Retirees re often in need of AC due to their health problems. Even if we can afford the AC unit, the cost of running it can cost extra $300 a month.
FYI: We retirees are getting a .3% POINT THREE PERCENT soc sec raise this year. That is $3 on a Thousand dollars. With a total annual increase of $36 in 2017, I cannot afford either the AC unit nor the extra power to run it.
THIS one problem solved will NOT lead to Full employment. Get a grip.