« on: February 14, 2012, 03:35:26 PM »
If businesses are geared toward a race to the bottom, how do you promote the growth of decent paying jobs in this country without shooting yourself in the foot elsewhere? Example, if you put up tariffs on goods made outside the country, will that negatively effect American businesses who do business in other countries that also put up tariffs on American made goods as a tit for tat?
Or is the American economy entering a new normal where the majority of unskilled labor has been outsourced overseas and lack of sufficient demand (that was previously fueled by a credit bubble) is making companies do with the bare minimum and, having realized they can do with the bare minimum, will hardly ever feel the need to expand their payroll, much less fill it with decent jobs?
Edit: AND, assuming the second statement is true, at what point will the entitlement system collapse in on itself due to lack of tax revenue, resulting in mass rioting?