Firms go into battle for free trade

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  • "Firms go into battle for free trade"

    "What the average American has to understand is that they’ve benefited from globalisation because of cheaper imports. Bringing back their manufacturing jobs would not help them with this. But it’s a hard sell."
    So this guy is saying that manufacturing jobs which pay several thousands of dollars more per year than two-bit retail wage-slave positions are less valuable to average Americans than the availability of slightly-less expensive, cheap Chinese-made DVD players? Interesting perspective Mr. Corporate Lawyer has there. And maybe the author of this article can also explain how the term "free trade" applies to China given that China has a mountain of tariffs assessed most of made-in-USA exports.

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  • "Firms go into battle for free trade"

    Goof_chewey, "cheaper imports" does not just mean DVD players - cheaper imports start at the bottom of the manufacturing chain within a country, and reduce prices across the spectrum of consumer goods of all types. The knock-on effects of cheaper imports, goods produced made where they can be made most cheaply, has a massive knock-on effect throughout the economy. That's not to say that much of the cost saving isn't absorbed along the supply chain, but the lower the cost of your imported staples, the less money you are sending out of the country. Jobs are all well and good, but you must not underestimate savings made by importing goods rather than making them in the US.

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