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Why Free Trade Cannot Co-Exist With Currency Manipulators
03-14-2016, 01:53 PM
Tariffs (taxes) is just the Government (mafia) cut of the action.
On a micro level, I buy American Apparel t-shirts for $28 which are made in Los Angeles. For $8 I can buy a similar t-shirt from H&M, which is made in a sweatshop in Bangladesh.
Do you think tariffs will stop this?
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Why Free Trade Cannot Co-Exist With Currency Manipulators
03-14-2016, 02:03 PM
They may not eliminate sweatshops entirely, but by raising the bar you force the sweat shop to compete at a higher level where they have to face off against western production.
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Why Free Trade Cannot Co-Exist With Currency Manipulators
03-14-2016, 02:11 PM
^How can you compete when the sweatshop workers are earning less than a $2 per day. There are a plethora of countries you can setup shop in and pay these wages.
China and India have populations well over a billion each, child labour is huge in these places. One worker quits, then there are ten in line to replace them.
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Why Free Trade Cannot Co-Exist With Currency Manipulators
03-14-2016, 02:31 PM
When the price goes high enough, it becomes lucrative for a US producer get in on the game, and produce the item here. He doesn't have to pay a tariff.
The $8 dollar shirt costs $4 to make in the sweatshop. A 50% tariff raises the price of the shirt to $12. Yes the tariff is passed to the consumer, but so are all the other costs. But with the tariff, the shirt now costs $8 to produce. You realize you can produce the shirt in the US for $7 and not have to deal with the tariff. You can sell the shirt for $12 and make more profit.
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Why Free Trade Cannot Co-Exist With Currency Manipulators
03-14-2016, 02:37 PM
Who's going to make that shirt?
The Mexican or the prison worker.
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Why Free Trade Cannot Co-Exist With Currency Manipulators
03-14-2016, 03:29 PM
http://www.axs.com/news/120-kanye-west-p...tely-17243
Kanye West plain white t shirt sold out for $120 per shirt. Doubt that had anything to do with the labor cost.
Sometimes brands (like american apparel in this case or apple for iphones) aren't trying to offer the lowest prices
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Why Free Trade Cannot Co-Exist With Currency Manipulators
03-14-2016, 04:22 PM
A very simple and straightforward solution that should have been enacted a long time ago. Unfortunately this can never happen until the yoke of control by corporations/banks is removed from our government. "Separation between state and corporation."
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Why Free Trade Cannot Co-Exist With Currency Manipulators
03-14-2016, 06:15 PM
^^How much would you pay American workers to make the same Apple products?
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Why Free Trade Cannot Co-Exist With Currency Manipulators
03-14-2016, 06:21 PM
To have a healthy society I think we need a $15 per hour minimum wage. Otherwise we are slipping into a more modernized version of a 3rd world country when it comes to opportunity and being able to save enough to invest for the common man.
So $15.
I think as time goes on you will see more minimum wage jobs. Automation will make more minimum wage and a select much smaller group of very high paying jobs due to extreme expertise. So the minimum wage (will be universal wage) is an extremely important baseline for the health of society because that will be the living standard of the vast majority of people and this truly will be out of their control due to technology.
Fewer people will be able to compete as time goes by no matter how hard they try.
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