Re:China
by Aunche on Wednesday November 20, 2019 @11:56AM
(#21585646)
It's not just China. It started with Japan, and even without China, it will continue in Pakistan, Indonesia, and Vietnam, and eventually it will be replaced by automation.
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So we know international trade is a thing and we know specialization is a thing. We know economies will over time become more value add and go up the chain.
That’s not a problem if we put in place policies and regulations that put our workers on even footing with foreign workers. Benefits, protections (OSHA), anti-dumping, market-based pay (no institutional labor), IP protections, even access to markets, etc. that is handicap any imports proportionately for not meeting those baselines.
I don't follow. How would increasing the cost of labor in the US make it more competitive against foreign labor?