Over the past several years, we have exported well over 5, 000,000 manufacturing jobs excluding the millions of support jobs such as distributors and sales people calling on manufacturing companies. By the Department of Labor numbers, the difference between a manufacturing job and a service job is $20,000 per year. This means we have exported well over $ 100,000,000,000 annually in wages, decimated small towns supported by the tax revenue from manufacturing companies and their employees, and virtually eliminated the middle class in this country. You can read the research in my book "China's war on the American Economy" available at Amazon.com.
The US government thinks this was caused by the rush to lower wages. What a stupid thought and is indicative of the uninformed elite educated government officials. Actually the companies were leaving the restrictive regulations that were hidden taxes on manufacturers not paid by their foreign competitors. Rather than police this hidden tax by charging importers a comparative tax reflecting the hidden taxes paid by American Manufacturers, the flood gates were simply opened to allow cheap goods into the US without regard to the conditions allowed in the countries sending in the cheap goods. Child labor laws, environmental laws, workman's compensation laws, product safety laws, overtime laws, OSHA laws, ADA laws, etc. - all non existent in importing countries sending in the vast amounts of cheap goods.
Now as a country that is expected to buy our way out of the mess we find ourselves, buy what? We don't need much else. Buy with what? Our wages enabling our spending were exported. Buy for what reason? To save our economy?
I think most are simply going to save their money, only spend it on well made products manufactured in the USA, and buy for their homes, and families immediate needs. What do you think?
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