qman said:

krypto2000 said:

If we produced t-shirts in the US instead of China for instance they would cost 10$ to produce instead of 0.20$, they'd cost 70$ to purchase instead of 10$, and the US employees making them would be paid minimum wage. All profits would still go to the rich, the sweat shops overseas would still operate whether they produce tshirts for the rest of the world or focus on another product, the welathy in both countries would still make the same profit, it would just result in the US working class being unable to afford as many tshirts as they need or purchasing them anyway at the expense of something else. How do you see this unfolding differently than I do?

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Because very recent economic history in the US completely debunks that nonsense you just spewed out.

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krypto2000 said:

If we produced t-shirts in the US instead of China for instance they would cost 10$ to produce instead of 0.20$, they'd cost 70$ to purchase instead of 10$

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The retail price would be the maximum that the market could bear, just as it already is.  I doubt that would come to $70.  Either way, the difference would have to come out of profits and shipping costs or the t-shirt company could simply fold.
If you think that manufacturers and distributers are passing the labor savings along to you, I've got several bridges for sale.  Been to a home improvement store lately?  A supermarket? There aren't any cashiers anymore, that labor has been outsourced to me, the consumer, but I don't see prices coming down.

Quote:

Trump's $25 billion wall would be nearly impossible to build, according to architects

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krypto2000 said:

qman said:

krypto2000 said:

If we produced t-shirts in the US instead of China for instance they would cost 10$ to produce instead of 0.20$, they'd cost 70$ to purchase instead of 10$, and the US employees making them would be paid minimum wage. All profits would still go to the rich, the sweat shops overseas would still operate whether they produce tshirts for the rest of the world or focus on another product, the welathy in both countries would still make the same profit, it would just result in the US working class being unable to afford as many tshirts as they need or purchasing them anyway at the expense of something else. How do you see this unfolding differently than I do?

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Because very recent economic history in the US completely debunks that nonsense you just spewed out.

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What recent history are you referenceing?

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qman said:

relic said:

which affects the poorest americans more, a trade deficit or being unable to afford warm clothes in winter for their children?

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My apologies, it's more important to use slave labor in third world countries, shut down manufacturing in the US, increase economic inequality, maximize profitability for the elite so Joe Six-Pack can buy cheaper goods at Wal-Mart.

Did you ever think that the average American would be a lot less poorer if they had a higher paying job in their country?

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qman said:

The 1960's, 70's, 80's.  You know, when a tight labor market created high wages and low profit margins.

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relic said:

qman said:

relic said:

which affects the poorest americans more, a trade deficit or being unable to afford warm clothes in winter for their children?

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My apologies, it's more important to use slave labor in third world countries, shut down manufacturing in the US, increase economic inequality, maximize profitability for the elite so Joe Six-Pack can buy cheaper goods at Wal-Mart.

Did you ever think that the average American would be a lot less poorer if they had a higher paying job in their country?

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that's what i get for asking you a simple yet serious question.

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Falcon91Wolvrn03 said:

qman said:

The 1960's, 70's, 80's.  You know, when a tight labor market created high wages and low profit margins.

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How do you define a "tight labor market"?  We've had plenty of tight labor markets since then, unless you have an alternative definition.

The 50's, 60's, and 70's were great, but then Reagan replaced New Deal economics with Trickle Down economics.

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qman said:

A "tight labor market" should see consistent wage growth.

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I see.  So the labor market was tight from around 1949 to around 1980, and loose from around 1980 to present, regardless of the unemployment rate?  Is that what you're saying?

qman said:

Falcon91Wolvrn03 said:

qman said:

The 1960's, 70's, 80's.  You know, when a tight labor market created high wages and low profit margins.

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How do you define a "tight labor market"?  We've had plenty of tight labor markets since then, unless you have an alternative definition.

The 50's, 60's, and 70's were great, but then Reagan replaced New Deal economics with Trickle Down economics.

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A "tight labor market" should see consistent wage growth.

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Quote:

Border Walls are barriers in essence. A deadbolt, a door, a window, a fence . Border Walls keep the people inside safe from extra national ills. Walls promote stability in : a homogenous culture, a social contract, a shared history, economic sovereignty. Saying walls are useless is unimaginative. The human trafficking element alone is worth having a well established wall.

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qman said:

Falcon91Wolvrn03 said:

qman said:

The 1960's, 70's, 80's.  You know, when a tight labor market created high wages and low profit margins.

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How do you define a "tight labor market"?  We've had plenty of tight labor markets since then, unless you have an alternative definition.

The 50's, 60's, and 70's were great, but then Reagan replaced New Deal economics with Trickle Down economics.

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A "tight labor market" should see consistent wage growth.

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ballsalsa said:

krypto2000 said:

If we produced t-shirts in the US instead of China for instance they would cost 10$ to produce instead of 0.20$, they'd cost 70$ to purchase instead of 10$

---

The retail price would be the maximum that the market could bear, just as it already is.  I doubt that would come to $70.  Either way, the difference would have to come out of profits and shipping costs or the t-shirt company could simply fold.
If you think that manufacturers and distributers are passing the labor savings along to you, I've got several bridges for sale.  Been to a home improvement store lately?  A supermarket? There aren't any cashiers anymore, that labor has been outsourced to me, the consumer, but I don't see prices coming down.

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