By offering tarrifs as the solution, aren't we asking that the quality of life for Americans be lowered? In reality, this article proposes lowering the purchase power of Americans, therefore harming our citizens in every day life. If there is such a connection between the trade deficit and employment, why is the unemployment rate not affected?
You mean, the quality of life as in what is offered by America's largest employer (outside of the government) WalMart?
In reality, this article proposes lowering the purchase power of Americans, therefore harming our citizens in every day life.
In reality, this article demonstrates the failures of free trade, not theory, as in your reality.
If there is such a connection between the trade deficit and employment, why is the unemployment rate not affected?
There is a connection between free trade and employment. Protectionists argue that free trade lowers the standard of living. Low unemployment demonstrates what everyone knows already, American workers are the best in the world and are willing to work three jobs to prove it.
Americans cannot be consumers unless they are employed. Shipping all the jobs overseas may allow Wal-Mart to price every item in their store at a nickel but nobody in America will have a nickel to buy anything.