For some apparently. Not me. I like up-trends better than down-trends.
I'm voting for Trump. I am for Trump Big Time. But he not going to rebuild the manufacturing sector of the 70's or 80's not matter what he tells us.
We build stuff overseas because they can do it cheaper. That means some Americans lose their jobs. It also means you and me get more stuff. If you want to get those jobs back just add a tax (tariff) on imported goods and it will happen. The jobs will return and you and I will pay for it with a lower standard of living.
You need to read a little more Milton Friedman and a little less Trump to understand this argument.
Is that academic phraseology or a personal juxtaposition of phrase? Bought Nike or Polo recently? Those $90 Polo shirts are now inexpensive and plentiful with all the cheap labor, aren't they? - Oh, wait... crap! they're $90! And... don't you just love your cheap IPhone - real cheap ain't it - since it is put together by people living on gruel.
Let's not even talk about the lost tax base from those "some Americans" - rather, let's talk about the fact that nothing is really cheaper or more plentiful because it is made overseas. Cheap labor increases profits but prices only decline basis availability and demand.
And finally, I thought a lower standard of living was a shrinking middle class, increase in food stamp consumption and 94 million working age people not working... Oh... wait again! That is what we have now from globalization.
There is no evidence that the reduced manufacturing costs by off shoring production is passed on to the retail consumer. As a matter of fact I am still waiting for Ford and Carrier to announce price reductions. I gave up waiting for Nabisco to lower the price of Oreo cookies.