There is a cure for low wages...its tariffs...
The idea of protecting your domestic markets is very very ancient and was done all over the world...not just in western Europe...because there is no such thing as a "global economy" ...all economies are local...because people live "locally" ...not globally.
The Chinese protected their silk making secrets... The Dutch prohibited the export of trees that make cloves and nutmeg to protect their spice trade...
This list goes on...and on...
Only the Americans gave away their economy in the name of a false dogma...free trade...and to China yet...the worst possible competitor...!
What was missed was that multinational corporations have no loyalty to domestic markets... Thats what the coming tariffs will do...
We will "re-discover" what people have been doing for ages...protecting their markets!
Yes...there is an alternative...and we see it everyday...inflation, money printing, higher taxes, and a declining economy...THAT is the alternative...not "working for pennies" per hour...as many on Wall Street would want Americans to do...
