Exactly! Let us assume for the sake of argument that every job goes out of USA, and every American is unemployed. This will mean that Americans will no longer be able to afford to import stuff from China and India. At some point, it will be cheaper to hire Americans to manufacture stuff and jobs will come back here. So the scare-scenario is flawed.
Actually, what I state already happened. In 2008, if you went the nearest Walmart and purchased stationery, there was a good chance that it was made in USA. This was due to the high cost of shipping goods from China to USA.
I also agree with SonOfDarkSkies on how high the cost of things manufactured in USA would be. We will be the net losers in this scenario.
Milton Friedman explained these concepts very well in a PBS series in the 1980s.
” At some point, it will be cheaper to hire Americans to manufacture stuff and jobs will come back here. “
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Flawed assumption.
By that point, it will not be Americans with strict profit motives, making the decisions as to where to make things and what to buy.
It will be the very people who are now, busy taking our jobs away from us, strategically.
We will not get a second chance.
This is it.