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onion2ktoday at 4:06 AM2 repliesview on HN

The alternative to Chinese goods is not locally made goods for the majority of people. It's either Chinese goods that we pretend are locally made, or it's nothing because they can't afford the local stuff.

Cheap good for decades has meant companies have been able to depress wages to the point no one can really live without them. Removing the cheap goods without also giving up massive corporate profits would just mean most people collapse into poverty.


Replies

dmixtoday at 4:14 AM

Nobody wants to do the hard work of developing industry, reducing cost of living and doing business so workers are more competitive, and changing all the rules that make China 10x more attractive for this sort of thing.

They just want to ban even more things.

YokoZartoday at 5:17 AM

If companies have been "depressing wages for decades" how come they're at an all time high? https://fred.stlouisfed.org/series/MEPAINUSA672N

People make stuff like this abroad because wages are too high here to make a profit, not too low.

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