Re: Reduce the trade deficit; increase GDP and median wage.
Gen Seneca,
Originally Posted by Supposn:
GenSeneca, other nations are unable or unwilling to better compensate their labor.
Why not “stop there? Isn’t cheaper labor that directly and indirectly affects all production costs a sufficiently adequate answer?
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Originally Posted by Supposn:
But our wage schedules have been comparatively stagnating which is an improvement over G. W’s administration when wages adjusted for inflation had too often declined.
The federal administration and congress are the determiners of our federal policies wich affect our median wage. Federal trade policies affect our GDP and median wage. Granted that it is not the the largest factor but it's a factor that's politically more feassible to remedy and to remedy sooner.
It's unreasonable to expect persons or organizations to choose behavior they believe to be contrary to their own best interests. I do not fault foreign governments or any purchasers for their choices. I fault our federal administrations and congresses for determining federal trade policies that fail to adequately deal with our global trade environment. Our current trade policies are contrary to our nation’s best interests.
If we modify our trade policy to better deal with our global trade environment, we would to a significant extent modify that environment to be less disadvantageous to ourselves.
You reject my contention that this trade proposal would induce all entities (including foreign governments) to choose net behaviors that would be to our nation’s better advantage.
Respectfully, Supposn
