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by un
6513 days ago
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The decreasing cost of manufactured goods, increase in quality of them, and the increase in GDP that has occurred over the past 30 years. (You can argue much of this can be attributed to technology, but a large share of it is due to outsourcing - most things in dollar stores and walmart are not due to technology but outsourcing). The rustbelt is caused by their inability to compete with the better quality Japanese cars (and Japanese salaries are higher than in the rustbelt, you can't make the cheap labour for that). |
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You can talk about the theoretical upsides to global free trade all you want. I'm a believer. But 2 billion people jumped into the labor pool and the reality in the US is that they made a wave that drowned a lot of people. Real wages are depressed. That's not to say there's any real alternative to full open participation in the global market, but your free-market cheer and pom-poms don't capture the full reality from a US worker perspective.