I don’t know about that.
China however, is doing just fine.
Just fine. They make 90% of all computers in the world.
80% of the air conditioners, 80% of the energy-saving lamps in the world, 74% of the solar panels, 70% of the cell phones, 60% of the cement, 50% of the pork, and 45% of world ship-building.
Those jobs were once in AMERICA.
It is no wonder our economy is hurting. We have been sold out.
And yet, FoxConn is moving to America. So is AliBaba. The guys who sold us out have lost power. Frankly, I expect the HUGE shift in our trade balance is going to happen as the price of energy falls... as it is about to big time. Clean energy will mean there’s no reason to ship our iron ore to China, have them do the dirty work, and ship it back to the U.S. No matter what the relative costs of labor are, it’d be so much cheaper to make our own steel (for instance) than ship everything back and forth, if only our energy and environmental policies permitted it. Not only will solar energy be cleaner, it will also drive the price of coal and gas way down.
Yes, you’re so used to false hype about solar, you probably didn’t realize it was actually about to become true hype. Even without subsidies, solar is now cheaper than many fossil fuel energy production techniques, and it’s going to continue to go down in price. And no, it won’t all be made in China. Trump is too smart to let that happen. In turn, that’ll drive down domestic demand for coal, which will make it cheaper (and in turn, keep demand from falling too far.)
Friendly Reminder: We’re On Track To Create 25 Million New Jobs Under Trump
https://townhall.com/tipsheet/mattvespa/2017/08/04/friendly-reminder-were-on-track-to-create-25-million-new-jobs-under-trump-n2364715?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad=
We Did It! America Created 1 Million Jobs in Trump’s First Six Months
http://www.breitbart.com/economics/2017/08/04/1-million-jobs/?utm_source=newsletter&utm_medium=email&utm_term=daily&utm_content=links&utm_campaign=20170804
Job creation in July kept up its sizzling June pace, with nonfarm payrolls growing by 209,000 while the unemployment rate slid down to 4.3%.
http://www.breitbart.com/economics/2017/08/04/july-jobs-creation/?utm_source=newsletter&utm_medium=email&utm_term=daily&utm_content=links&utm_campaign=20170804