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I appreciate you genuine concern and enthusiasm for certificates.Yes we have had a trade deficit for over 50 years and we are not able to produce as many products as we otherwise would and we do not enjoy wages as high as we otherwise would if it were not for the underlying factor that is causing the deficits. Simply, labor in other countries is cheap and as long as it is there will be an economic imbalance. Right now that imbalance is a trade deficit. If we artificially arrest the deficit some other imbalance will crop up. Not to mention retaliations for subsidies and black markets.It is not the trade deficit that is the problem. The deficit is the symptom of the underlying cause. Unless labor in other countries becomes more expensive there will continue to be an imbalance of some sort. Fortunately labor costs in other countries is rising rapidly. In the meantime we should take advantage of that cheap labor as much as we can by buying cheap products and hiring them to work for us. We must also do whatever we can to battle slave labor and sweatshops and unfair working conditions in other countries.There are many solutions for when the competition makes a cheaper product but trying to coerce buyers to choose your product is not the answer. I suggest we make products that are too hard to ship from there to here. Or that we make superior products. Whatever we do we need to find our niche in the market. Of course we could just lower our wages which is exactly what is happening indirectly as the value of our dollar does down.
I appreciate you genuine concern and enthusiasm for certificates.
Yes we have had a trade deficit for over 50 years and we are not able to produce as many products as we otherwise would and we do not enjoy wages as high as we otherwise would if it were not for the underlying factor that is causing the deficits. Simply, labor in other countries is cheap and as long as it is there will be an economic imbalance. Right now that imbalance is a trade deficit. If we artificially arrest the deficit some other imbalance will crop up. Not to mention retaliations for subsidies and black markets.
It is not the trade deficit that is the problem. The deficit is the symptom of the underlying cause. Unless labor in other countries becomes more expensive there will continue to be an imbalance of some sort. Fortunately labor costs in other countries is rising rapidly. In the meantime we should take advantage of that cheap labor as much as we can by buying cheap products and hiring them to work for us. We must also do whatever we can to battle slave labor and sweatshops and unfair working conditions in other countries.
There are many solutions for when the competition makes a cheaper product but trying to coerce buyers to choose your product is not the answer. I suggest we make products that are too hard to ship from there to here. Or that we make superior products. Whatever we do we need to find our niche in the market. Of course we could just lower our wages which is exactly what is happening indirectly as the value of our dollar does down.
