While our leaders squabble over little things. The problem is clear.
This has taken over 50 years. I saw it in the late early 70s. When clothes were in wholesalers cheaper than we could but the cloth to make them in the UK. By the end of the 70s, the UK Garment industry was destroyed. 10,000s lost their jobs.
This was followed by, bikes, cars, white goods, electronics, plastics, Iron, steel, aluminum, textiles, cement, chemicals, toys, electronics, rail cars, ships, aircraft, etc.
Quote:
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China has become a preferred destination for the relocation of global manufacturing facilities. Its strength as an export platform has contributed to incomes and employment in China.
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These were our wages and jobs.
So who has won from this?
Not the average Third World citizen. Most of these countries have terrible poverty outside the cities and often inside them. The Upper-middle Class and the Wealthy have done very well. In the West, the gap between the rich and the rest (our customers) has widened. Which is great if you sell yachts, expensive cars, etc. Not so good for those selling $30 membership products bought with disposable income.
And yet all the politicians tell us free trade is good. Because it allows a company based in the US, to have their products made in the Third World for pennies, and sold in the West for Dollars.
Total your sales to the Third World and see how great the system works.
And while this is happening, migration of the poor to the West is increasing. Export Jobs X Import Cheap Labour = Revolution.