1.)Raise the holy hell out of general tarriffs on goods. Triple them at least across the board.
2.)Second, at the same time that happens sign several free trade agreements around the globe with allies, friends, and those we can most easily develop into a strong middle class. Those FTAs will exempt those countries from #1 above.
This approach will cause these nations to get the bulk of investment and be the best option for overseas/foreign development. It will focus our resources like a lazerbeam on development. It will funnel resources to the best places for it.
It will have all the same perks, bells, and whistles as any other outsourcing. (cost cutting etc)
FTAs too by the way allow our corporations to have access to the market(s) we create. All those artificial barriers will be gone.
We export 75 cents to Mexico for every dollar we import from Mexico. With China we barely get 15 cents on the dollar.
Yet we have corporation after corporation leaving Mexico even to go to China. In the big picture, considering all things, I would think creating a trade cartel would be a good option.
As time goes on, we can control our exposure and entrance into places like China. Sure beats a bubble...like we are setting ourselves up for now. Now everyone is rushing to the lowest on the toem pole for as much labor as possible. My plan would remove barriers (as long as you stay in the family) but also put a floor on labor pricing. Net result for costs=zero difference.
We have to invest in the whole picture, not just plink one key on the piano over and over.
I'm glad for your barber. I wonder if she has seen the same thing coming, although I guess it depends on where you live. It's worse in Houston because of the many illegals there and all the legal immigrants who are willing to work for very little.