But China already has far higher tariffs on many goods, so the deal isn't equal already. To extend your point, I think we need to go further.
Higher oil prices in 2008 did what? Increased domestic oil production, massively.
We'll see this in steel, and we should take measures to do the same for other industries by equalizing tariffs vs China.
But back to my point about globalization leading to massive outsourcing of jobs to China, then leading to massive economic dissolution to large swaths of the country. We can't all be "coders".. So what's the solution?
We "buy local" by spending a little bit higher prices on food and hipster coffee & craft beer and restaurants etc. Why can't we do the same, at the margins for all sorts of industries. Is that "more expensive" than dealing with epidemic levels of Opioid addictions and corresponding healthcare and other costs? The current situation is not working.. or more specifically, it is not working for a particular group of people in any way whatsoever.
As you can see, the US is increasing manufacturing steadily (with exception of the 2008 recession).
The problem is that we've got fewer jobs that produce MORE than we did before. The issue is that the USA is getting incredibly more efficient at manufacturing.
Consider the relatively labor-intensive job of farming. With innovations like "Plant Tape", what used to be a 10-person job is now the job of ~3 people and one tractor: https://www.youtube.com/watch?v=hzHo80bO-sU
And said ~3 people+tractor will work more efficiently and get more work done than 10-people in the "old way". Fewer and fewer people are needed to work anymore. That's the problem.
> We can't all be "coders".. So what's the solution?
Higher oil prices in 2008 did what? Increased domestic oil production, massively. We'll see this in steel, and we should take measures to do the same for other industries by equalizing tariffs vs China.
But back to my point about globalization leading to massive outsourcing of jobs to China, then leading to massive economic dissolution to large swaths of the country. We can't all be "coders".. So what's the solution?
We "buy local" by spending a little bit higher prices on food and hipster coffee & craft beer and restaurants etc. Why can't we do the same, at the margins for all sorts of industries. Is that "more expensive" than dealing with epidemic levels of Opioid addictions and corresponding healthcare and other costs? The current situation is not working.. or more specifically, it is not working for a particular group of people in any way whatsoever.