| | | Economics for the United States as viewed from the street.
You can read a lot of books on economics and you will find incredibly polarised views. It is like a person with a hernia going to the emergency and the doctors arguing which leg or arm is the problem and which should be amputated. No wonder ordinary people are leery of these so-called experts?!
So here is the Solon Street Synopsis of American economic facts
1. People either look after themselves legally, or they are looked after by others, or they look after themselves illegally through crime--or they commit suicide.
2. It is good if all people are looked after legally. It is BEST if all people look after themselves.
3. In order to look after oneself (legally and without harm to others) one requires a job such that one can trade value for value.
4. If industry and manufacturing and agriculture is farmed out (no pun) to citizens/labourers of other countries, then this impacts on point #3.
5. In addition to #4, employment is affected by population. Surges of population (immigration--legal or illegal) place tremendous stress on the population and this impacts point #3.
6. Immigration can be likened to a dam where the gates ought to be carefully opened and closed to various degrees to reflect economic realities--and not for adventitious or extraneous rationales.
7. If a country cannot (or just as sadly, will not) control the gate of the dam--then it cannot control employment, crime, or other social effects of a population out of whack.
So Donald Trump is on the right track. Secure the borders, stabilise the population, and create fertile conditions for businesses to operate for profit such that citizens can meet their needs through work.
When you import, you are paying for foreign labor. And that means citizens are not getting the paycheck. Trade is necessary so that a wide variety of goods and services may raise the quality of life. But it must be FAIR and thoughtfully, rationally enacted.
Another aspect involves the fact that many in the work force are not giving value for value--especially in the public sector. But this is economics 202.
IT IS AS SIMPLE AS THAT. Solon Economics 101. |
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