Quote:
Originally Posted by OneHungLo
What planet are living on where everyone has a skilled trade or college education required job? What are these low skilled workers supposed to do? Just live off the government? Many of these low skilled workers WANT to work but we've let china steal all our jobs over the last 30 years. PS those jobs are coming back and not only that they're coming back in record numbers.
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it is THIS planet what requires that if you want to live a good life.
you say chinese take this low skilled jobs?
ok i am sure you will find people doing this jobs for 300-400 dollar per month in US.
ohhh... I sense your answer already: they should get paid more.
and how much more do they have to earn when everything suddenly costs 300% more?
and the next question would be: for WHOM do they produce when these were partly manufactured in china, and now cost 300% more on the export market as well?
i think this company will not need a lot of them at the end because no exports and far less sales inside the country.
your miscalculation is that you give unlimited budgets to every american household. but they don't. actually, they don't have any budgets because the goods they buy belong to banks or credit card companies.
if a sweatshirt costs now 15 dollars and they buy 3 of them and later 45 dollars they will simply buy 1. and for 1 you do not need the same amount of workers as for 3. and if they still buy the 3 sweat shirts for the higher price the new car or bicycle will be delisted from the buying list. does that logic reach you?
the jobs you are talking about now are jobs what are created by new bank loans.
many people who planed to build an own home took the chance of cheap interest and bought it now.
to build that many houses you need many workers, right ?
but here are the bad news. the new house orders crashed since 3 month dramatically.
after those houses are build there will not be work for these people.
what do they do than? going to blame china and ask for more house credits from them?
the default risk on private loans granted to houses and cars in the past 2 years has meanwhile almost reached the level of 2008 again.
can you remember what the result was?
how many new cars do you think will be built if you can buy auctioned used car 50% under value? how many houses will be built if the debtor's houses are auctioned at a bargain price?
and here i talk only about 2 of your VERY BIG industries.
if people in this industries losing their job ALL other industries will be effected.
and than the financial markets will crash and as trump gave them their old conditions back they do not have saved money to pay back anybody. who do you think will pay it ? trump ?
remember this very good: 2019 the world will fall in the next financial crisis. and this time it will be MUCH bigger. and even china who helped you out with money in the last crisis will suffer and canīt lend you anything.
what will you do than? begging putin to buy your nukes ?
logic is a rare good - and logic in economy is even harder.
i hope with this child explaination i could make it a bit clearer for you.