General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo Trump is going to bring jobs back to the U.S. he says.
So why does he invest in golf courses in Ireland and Scotland? Aren't there plenty of golf courses to invest in here in the good old USA? USA! USA!
RKP5637
(67,107 posts)drastically. And if he uses tariffs, none will be able to afford those currently cheap products they enjoy. It's far more complex than what he alludes too, but he attracts no-nothing voters. One solution would be worldwide wage control, but good luck with that. Also, worker productivity continues to increase which means fewer jobs by default, but most politicians don't want to address that. Another solution is re-balancing of the wealth distribution, but the oligarchs will not have that and neither will Trump.
DetlefK
(16,423 posts)Low wages -> people do not consume -> companies don't make money.
And you cannot possibly beat asian sweatshops when it comes to low wages.
However, if you create
1. marginally higher wages with higher minimum-wage
2. marginally higher wages with more unions
3. economic confidence and security for the consumer with a legal framework that puts them under less financial pressure
** e.g. good health-insurance
** e.g. fair college-loans; cheaper college
** e.g. better laws for workplace-protection, instead of the exploitative gig-economy
then the consumer will spend money by buying corporate products instead of saving it for bad times. (Just imagine the investment opportunities if the money trapped in college-loans were instead available for other investments.)
The consumer/worker profits from higher wages.
The corporations profit from the consumers spending, spending, spending.
RKP5637
(67,107 posts)that is illogical and seemingly unshakable.
DetlefK
(16,423 posts)The consumer must have confidence that he can spend his money. He must be confident that he won't need to save it, e.g. because he could go broke any moment from health-problems because he has a crappy health-insurance.
Economy is cycles of money and goods going around.
The US currently has the problem that there is too much money on the side of the people who receive money in exchange for goods.
The economy is sluggish because all that money sitting in the vaults of the 1% is not available for investments.
And the money stays in the vaults of the 1% because 1. they don't hand it over by taxation, 2. they don't invest it because the economy is sluggish.
RKP5637
(67,107 posts)they just don't work hard enough, not enough education, etc., etc. All distortions and propaganda to keep them in line and the wealth of the US captured by few.
DetlefK
(16,423 posts)This attitude, that you determine your life entirely on your own, is way less pronounced in other countries/cultures.
RKP5637
(67,107 posts)of the propaganda and folklore not understanding the system/establishment is against them and rigged not in their favor. And often when one tries to explain it one gets a blank stare and/or an argument wherein they are proud of their ignorance. I have a feeling the solution is a long way off for the US.
Archae
(46,327 posts)Face it. Trump is one colossal fraud.
greymattermom
(5,754 posts)comparable to what he's currently paying in wherever it is.
HughBeaumont
(24,461 posts)Anyone who thinks the US should be run like a business (read: An American Corporation) is essentially supporting a dictatorship. An American corporation is nothing more than a dictatorship where the lowest plebes, meaning those who aren't board members, get no say in how anything is run.
America is pretty much just another company that Trump feels he should be the BOSS of. Professor Trumpbridge is in for a rude fucking awakening, as are his idiot followers.
RKP5637
(67,107 posts)for a very rude awaking if he is president, especially those with financial problems. Trump is exploiting them for their vote, but they can't seem to comprehend what's going on. And there are plenty of pseudo Brownshirts in America to do his bidding. This country is potentially on the edge of something extremely frightening.
procon
(15,805 posts)He supposed to be a Republican now, a champion of trickle down economics. He'll put out a policy paper any day now with all the details about how he plans to implement his great ideas.
TrappedInUtah
(87 posts)Is that they're all based on continued economic growth, fair competition, ethical employers and lack of government regulation. The second these conditions fail everything starts falling apart. You have big corporations start lobbying our government for laws that benefit themselves and discourage competition. You also get huge corporations that aren't interested in 'fair competition'. They'll sell products at a loss if it means driving out a competitor. Lastly, government regulations make it extremely hard for a new guy to compete in some areas.