tonygraz
7 years ago

It's bull! The friggin rice is cheaper than the chow mein anyway, just give me double rice!

opelmanta1900 wrote:



NO SUBSTITUTIONS !
izonfire
7 years ago

NO SUBSTITUTIONS !

tonygraz wrote:



They insist that you enjoy the stir-fried dog meat as it was intended
delta1
  • delta1
  • Herf-A-Holic Topic Starter
7 years ago

As it should be... We as a nation should no longer accept products from China whose low price results directly from semi slave labor...

Anyone who complains about our national minimum wage should hold their tongue on this issue.... If Americans deserve liveable wages, so do the Chinese... And the reason the Chinese don't get them is America's consumption of low priced Chinese goods...

Any good manufactured in China that could be manufactured in the US should be taxed the second it hits our ports to an extent that will raise the price of said good to the price it would be had it been manufactured domestically...

opelmanta1900 wrote:



There are thousands of American companies who built their production facilities in China...they all have paid off those who would think of doing that...
Phil222
7 years ago

Watch shark tank, phil... First thing they (used to) tell anyone looking to manufacture in bulk: Get production over to China....

Why? They don't pay their workers and they don't follow environmental regulations so they can make it cheaper than anyone...

If we bring the prices of those goods up to what they should be - based on environmental policies and livable wages - corporations will no longer be incentivized to move production overseas...

opelmanta1900 wrote:


My basic understanding of tariffs is they benefit few and hurt many, but I guess maybe the devil is in the details. Who, what, how much, etc. I would argue that if our goal is to increase wages and create jobs for Americans then perhaps there are better ways to do this other than tariffs.
opelmanta1900
7 years ago

My basic understanding of tariffs is they benefit few and hurt many, but I guess maybe the devil is in the details. Who, what, how much, etc. I would argue that if our goal is to increase wages and create jobs for Americans then perhaps there are better ways to do this other than tariffs.

Phil222 wrote:


Who are the few it benefits in your basic understanding?
Phil222
7 years ago
I guess it would depend on the particular tariff. Take a look at steel. I pulled this straight off of some random libertarian website. It could be complete horsechit.

“The U.S. steel industry employs about 140,000 people, according to the American Iron and Steel Institute. Economists Lydia Cox of Harvard University and Kadee Russ of the University of California–Davis report that industries using steel employ 80 times as many people as industries that produce steel. So, in order to protect 140,000 steel industry jobs, Trump is putting more than 11 million jobs at risk in industries that use steel.”

Obviously this is just one example, but how would this be considered a good way to increase wages and create jobs?
dstieger
7 years ago

I guess it would depend on the particular tariff. Take a look at steel. I pulled this straight off of some random libertarian website. It could be complete horsechit.

“The U.S. steel industry employs about 140,000 people, according to the American Iron and Steel Institute. Economists Lydia Cox of Harvard University and Kadee Russ of the University of California–Davis report that industries using steel employ 80 times as many people as industries that produce steel. So, in order to protect 140,000 steel industry jobs, Trump is putting more than 11 million jobs at risk in industries that use steel.”

Obviously this is just one example, but how would this be considered a good way to increase wages and create jobs?

Phil222 wrote:




Thanks...got the 'dumbest thing I'll read today' out of the way before 3:45PM...not a chance anything else will come close today.....(partly because I don't read the Vic/Tail stuff anymore, though)
Phil222
7 years ago
Let me know why? Maybe it will prevent me from future dumb posts. I’m certainly interested in better understanding this subject.
dstieger
7 years ago
Was referring to the quoted passage....not your question about wages and jobs

Don't have time...nor inclination to flesh out a point by point response....but some top of the head reactions:

Steel production protection is a LOT more than protecting some 140K jobs -- it's about protecting quality, manufacturing capacity, future competitiveness and capabilities, control of supply chains, etc.

11 million people in industries that use steel? No clue wtf that might mean ...but nobody is preventing any of them from using steel....lol...even if cost of 'raw steel' quadruples....there's still going to be a market for it -- those 11M people all going to work at McD's and nobody will produce anything? Are they suggesting that everyone of those 11M jobs will evaporate or move off shore? Doesn't make any sense at all to me.

Just seems like a way to take a couple disparate things and misapply math to make a grandiose conclusion not rooted in any reality
Phil222
7 years ago
I gotcha. Thanks.
shaun341
7 years ago

Was referring to the quoted passage....not your question about wages and jobs

Don't have time...nor inclination to flesh out a point by point response....but some top of the head reactions:

Steel production protection is a LOT more than protecting some 140K jobs -- it's about protecting quality, manufacturing capacity, future competitiveness and capabilities, control of supply chains, etc.

11 million people in industries that use steel? No clue wtf that might mean ...but nobody is preventing any of them from using steel....lol...even if cost of 'raw steel' quadruples....there's still going to be a market for it -- those 11M people all going to work at McD's and nobody will produce anything? Are they suggesting that everyone of those 11M jobs will evaporate or move off shore? Doesn't make any sense at all to me.

Just seems like a way to take a couple disparate things and misapply math to make a grandiose conclusion not rooted in any reality

dstieger wrote:




I was thinking same thing when I read that quote.

There is a great example of tariffs and wanting out of what seems like a good treaty right now called Brexit. The UK was paying more to the EU then they have been receiving in return. Why would they stay in the EU? Because they have free trade with the members of the EU? Why does that matter if it is a losing investment year in and year out?

Why would we give up our ability to manufacture here so some giant corporation can hire the cheapest labor they can find and still charge $1,000 for an Iphone. We can work here and we were built as a country on working. Everyone thinks their Iphone increasing to $1,100 is ridiculous? Why do they need the latest Iphone? They are not necessities but people view them as more important than the food someone can provide with an honest paying job!

So yes tariffs hurt giant corporations who do not want to pay Americans to manufacture. They also hurt Americans that care more about the latest cell phone than their neighbor being able to support his family. I personally chose people over corporate America all day, everyday, and twice on Sundays!

The good is, we get back to our roots and start producing jobs and maybe wages will eventually catch up to the cost of living instead of the government just saying we'll just put them on assistance.
Phil222
7 years ago
I still don’t understand how tariffs are a good way to increase wages...Chinese or American. Maybe I’m unable to grasp the concept. I will take y’all’s word for it.
opelmanta1900
7 years ago

I still don’t understand how tariffs are a good way to increase wages...Chinese or American. Maybe I’m unable to grasp the concept. I will take y’all’s word for it.

Phil222 wrote:


China makes iPhones... Let's say is costs $300 to manufacture a phone that sells for $1000... In order to make that phone in America, it would cost $1000 and probably sell for $3000....

A lot of anti trumpers like to point out that manufacturing jobs aren't coming back to America no matter what... If apple is hit with tariffs that force the manufacturing price of iPhones up to what it would be if they were manufactured domestically, 2 things would happen...

First, Apple would strongly consider relocating manufacturing back to the US, providing jobs and improving the economy...

Second, domestic competitors who previously were unable to compete with slave produced iphone prices will emerge, providing jobs and improving the economy...

The singular reason people oppose these measures is their wallet.... Your phone cost is going up, period... so did cotton prices when the emancipation proclamation was made...
victor809
7 years ago

China makes iPhones... Let's say is costs $300 to manufacture a phone that sells for $1000... In order to make that phone in America, it would cost $1000 and probably sell for $3000....

A lot of anti trumpers like to point out that manufacturing jobs aren't coming back to America no matter what... If apple is hit with tariffs that force the manufacturing price of iPhones up to what it would be if they were manufactured domestically, 2 things would happen...

First, Apple would strongly consider relocating manufacturing back to the US, providing jobs and improving the economy...

Second, domestic competitors who previously were unable to compete with slave produced iphone prices will emerge, providing jobs and improving the economy...

The singular reason people oppose these measures is their wallet.... Your phone cost is going up, period... so did cotton prices when the emancipation proclamation was made...

opelmanta1900 wrote:



You're right opel. But you are also missing the other impacts that will have. I'm not saying anything is good or bad, I'm just saying there are the following other factors:
1 - The cost of goods manufactured in the US will be exorbitant compared to other countries. We will not be exporting these goods, will only be considering manufacture for sale domestically.
2 - Comparatively, equivalent goods in europe will be much cheaper
3 - Artificially supported manufacturing jobs within the US will have inflationary affects.
4 - This may reduce US$ buying power additionally.
opelmanta1900
7 years ago
1. I don't think it should effect all imported goods, only those manufactured simply for cost saving measures based on labor costs and environmental compliance...

2. American cotton was probably way cheaper than British cotton when they freed their slaves first... Western Europe will come around to our side eventually and China will either go broke manufacturing goods no one buys or they will seek humane compliance...

3. I don't view it as artificial support any more than I view the Negro Scholarship find as artificial support for the black race...

4. Yup... We'll live... Like I said, your cell phone price is going up if the slaves are freed... Worth it...
victor809
7 years ago

1. I don't think it should effect all imported goods, only those manufactured simply for cost saving measures based on labor costs and environmental compliance...

2. American cotton was probably way cheaper than British cotton when they freed their slaves first... Western Europe will come around to our side eventually and China will either go broke manufacturing goods no one buys or they will seek humane compliance...

3. I don't view it as artificial support any more than I view the Negro Scholarship find as artificial support for the black race...

4. Yup... We'll live... Like I said, your cell phone price is going up if the slaves are freed... Worth it...

opelmanta1900 wrote:



I think you're missing the point.
What I tried to stress, which I didn't successfully, is that the US is no longer really "the market".... our percentage of the global market as far as a sales target is shrinking every year. What this means is that if we implemented the types of tariffs you're talking about (not just 20%/ 30% but 300% or so).... the world will literally just pass us by.

I'm not saying we shouldn't do it. Hell, I'd be curious to watch it happen more than anything.

but I think it would be a much bigger disaster for the US economy than you can even imaging.
opelmanta1900
7 years ago
I didn't miss your point... You may have missed mine... Our share of the global market has collapsed in direct correlation to our willing participation in China's slave labor program... When we and western Europe pull out of that market, we recoup our lost share, China doesn't get to keep it...
fishinguitarman
7 years ago
There will be no recession before the election. President Trump will see to it.
victor809
7 years ago

I didn't miss your point... You may have missed mine... Our share of the global market has collapsed in direct correlation to our willing participation in China's slave labor program... When we and western Europe pull out of that market, we recoup our lost share, China doesn't get to keep it...

opelmanta1900 wrote:



You're awfully ambitious to think europe will pull out.
China can continue manufacturing goods for asia, europe, south america... they will do similar things to the auto companies now (send parts to canada and mexico, assemble there and import under nafta)... they can produce for internal consumption... their market is growing enormously, as is the rest of asia. Which we would be completely cut out of...

and we don't recoup that share... standard macroeconomic theory disagrees with you on that.
under situations where a market is operating efficiently (ie, lower labor rates in one area allowing for high labor production, and selling that to areas with high labor rates) you are able to create more value overall. When you break that up through taxes/tariffs, you lose some value. We will get some back, but not all, and at a large cost.

but hey... it should be really interesting to see.
opelmanta1900
7 years ago
That "large cost" you speak of is ending China's program of slavery... Europe would eventually pull out if we did... But we won't... We love our low cost iPhones and care little to nothing about poor people who live an entire ocean away...
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