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by ericd 5228 days ago
Competitiveness is extremely important, and you highlight a way to sort of obtain that, but you can only control competitiveness in the domestic market with tariffs unless you basically oppress third worlders (how it will be viewed, anyway) by strong-arming nations to pass similar tariff laws.

The value of domestic manual labor simply isn't that high anymore except in hard-to-outsource cases, and unless we change our society to involve more wealth redistribution, those who can only perform manual labor will not enjoy a similar standard of living to those with greater leverage.

1 comments

The US economy has no need to export anything into third world countries their economy's are simply to tiny accept much in the way of imports. In-fact we have long flooded most of them with cheap food which we lost money to create so balance of trade is even less valuable than you might think. http://www.census.gov/foreign-trade/balance/

Canada, is another story we really need to keep them happy: http://www.census.gov/foreign-trade/balance/c1220.html

We export half as much stuff to China: http://www.census.gov/foreign-trade/balance/c5700.html

And Ethiopia is next to nothing: http://www.census.gov/foreign-trade/balance/c7740.html