Currency manipulation makes your argument moot. Indeed, and what of price dumping and foreign tariffs?
Re: “Currency manipulation makes your argument moot.”
Completely disagree.
Currency value only influences the sale of raw materials and interchangeable commodity products.
Few Americans understand the specialization and value added nature of our industrial economy.
In 2007, before the Great Recession, the value of America’s industrial output, adjusted for inflation, was the highest in our history.
The productivity of American industrial workers is phenomenal, the highest in the world - five times higher than Chinese workers!
The problem in industrial America is that:
(1) Our country has been LEGALLY flooded with millions of low and medium skilled foreign born workers - when labor supply goes up, wages go down.
(2) The number of American industrial jobs is stagnant, or declining, because of automation and because we have the best industrial management in the world.