LegendKiller
Lifer
- Mar 5, 2001
- 18,256
- 68
- 86
Not when the imbedded cost of cheaper = welfare costs, crime, education problems, high education debt from retraining...etc.Maybe we should be in the business of doing work that is cleaner and safer and not be trying to employ our citizens . I love protections for workers in the US. I actually think we should increase them. That doesn't mean that we should attempt to bunker in our country like North Korea and engage in autarky. China has abundant labor factors. We have abundant technological and capital factors. Let them use theirs as best they can and lets do the same. When we all focus on what we do best we all end up ahead. I simply don't buy the idea that we should make products inefficiently for the purpose of increasing employment.
Cheaper to make = more efficient, by the way. If you can make the same thing for less money it is by definition more efficient.
Germany does quite well with their protectionist policies and mittlestand efforts.