Trump claims that the reason why ordinary people
Trump claims that the reason why ordinary people in the U.S. are poor is because of cheap manufactured goods and illegal immigrants in China.
Hate of China seems to have become a global standard in the past 10 years. The same is true of Korea.
Trump's claim is that all factories were closed because of cheap Chinese goods, and jobs disappeared and illegal immigrants took up all the jobs that were left, so American jobs were lost.
As Trump said, imposing tariffs on Chinese goods and blocking illegal immigration could create many jobs in the U.S. He also threatened Korea and Taiwan to take away high-end jobs such as semiconductor factories and automobile factories on a large scale. That's what Biden did.
Trump called Son Jeong-ui to invest in the U.S. He bragged about creating 100,000 jobs. I saw many comments praising Trump.
Trump is trying to increase the competitiveness of U.S. companies by cutting corporate taxes. China, Korea, and Canada are also trying to protect domestic industries by hitting tariffs, blocking immigration to protect jobs, and stealing high-wage factories such as semiconductor cars from Korea and Taiwan.
The tax reduced by corporate tax will be supplemented by reducing government spending and receiving tariffs through Elon Musk.
Bitcoin is an asset for young people and the common people. It is gaining popularity among the common people and young people by raising the price of coins.
When Dr. Paul Craig Roberts worked as assistant secretary of the U.S. Treasury in 1981, he drafted the Reagan administration's economic policy focusing on supply-oriented economics to solve the problem of stagflation, which has been a chronic malaise in the U.S. economy since the mid-1970s, that is, inflation and recession.
Quote what he said in 2016.
"Millions of jobs have been transferred overseas as American companies produce goods and services consumed in the U.S. market under the banner of globalism. Even the introduction of cheap overseas labor into the country to replace the U.S. labor force led to the decline of professionals such as software engineering and information and communications in the U.S., and the number of middle-class professionals in the U.S. also stopped growing."
For example, a capitalist who builds a factory abroad to obtain a cheap labor force will eventually lead to unemployment in Korea and even lose consumers to buy their own products. Many entrepreneurs suffer even greater losses in the long run because they do this in the short term. Adam Smith's precondition of increasing each other's profits by 'invisible hands' when released freely is wrong.
That's right. Most American economists are unaware that the offshore transfer of jobs threatens economic theory itself, as well as many other sectors. That's because economists mistake offshore transfer as "free trade," which they believe is beneficial to both sides.
The labor market is also deteriorating. Over the past two decades, most Americans' incomes have stagnated or declined. Most of the wages and salary income Americans lost as jobs went abroad went to management and shareholders in the form of capital gains and performance bonuses, such as capital gains and gains from stocks. This is because corporate profits have increased thanks to low overseas labor costs."