←back to thread

China

(drewdevault.com)
847 points kick | 1 comments | | HN request time: 0.204s | source
Show context
mc32 ◴[] No.21585110[source]
>”It’s economically productive for the 1% to maintain a trade relationship with China. The financial incentives don’t help any Americans, and in fact, most of us are hurt by this relationship...”

So true, since its inception with GHW, its execution and realization through Clinton and then once fully engaged the timid, supplicant responses from GW and BO, China has contributed to the stagnation of the blue collar worker on America with the full complicity of Democrats, Republicans and most of Industry and even unions who didn’t oppose their cozy politicians. They all only saw starry dollar signs...

That’s where we are now. People have had enough. That’s why they put up with the guy no one likes because he’s willing to sever that codependent relationship.

Now, if you ask any pol running for the nomination who the greatest threat to America is... it’s not going to be China...

replies(15): >>21585140 #>>21585157 #>>21585158 #>>21585323 #>>21585326 #>>21585341 #>>21585355 #>>21585449 #>>21585659 #>>21585680 #>>21586024 #>>21586078 #>>21586407 #>>21586727 #>>21587541 #
Barrin92 ◴[] No.21585355[source]
most of the job losses of blue-collar work are the result of automation, not foreign trade (this is a statement for which ample evidence exists[1]), furthermore on the aggregate Americans do benefit from trade with not just China but also other low-cost nations, which again is economics 101. If the United States were to produce goods at the level of domestic wages a small segment of the workforce would benefit, but consumers on average would lose out due to the increase in price. The price for an iPhone could go from ~850$ to ~2000$[2]. Now imagine that this happens for every good that is produced largely in China and think again if bringing back a few ten thousand jobs is worth the total loss of consumer welfare in the states.

Also, it goes without saying of course that it would also hurt the Chinese workers who are equally deserving of good employment as their American counterparts, and it's not clear why discounting their welfare is anything other than tribalism.

[1]https://www.nytimes.com/2016/12/21/upshot/the-long-term-jobs...

[2]https://www.aei.org/carpe-diem/how-much-would-an-all-america...

replies(7): >>21585440 #>>21585690 #>>21585846 #>>21585871 #>>21585996 #>>21586171 #>>21587703 #
1. mc32 ◴[] No.21585871[source]
>”it goes without saying of course that it would also hurt the Chinese workers who are equally deserving of good employment as their American counterparts...”

You know what, I’ll start caring about their wellbeing soon as they give two shits about the American workers they have displaced.

It’s their economy, they can fix their own problems.