Average income in 1962 was about 3500-4000 per year, houses, in CA, cost about 8000 for a 2 bedroom one bath home at that time. That means I only had to work two years to earn the money to buy a house(if I managed to save it all). Today, the average income is about 50,000(correct me if I'm wrong)and houses are about 300,000. So now I would have to work 6 years to earn the money it takes to buy a house(if I managed to save it all). Times are not better, times are not even the same they are worse. Food, gas and all goods, except for a few electronic items, cost more comapared to what we make than they did in 1962.
Even though freetraders don't want to admit it, manufacturing is good for this country and not munaufacturing goods will be the downfall of our economy.
China on the other hand is not outsourcing their goods, they are making them as fast as they can produce them, and reaping the benefits, while we have idiots in this country saying it makes our country better not to build things. BS.
Where did a so-called freetrader say it was bad for the US to have manufacturing? Maybe you have a link?
But if you were a manufacturer would you stay in this country the way the U.S. government and liberals treat businesses especially manufacturers?
The U.S. and state governments should be lowering taxes , laws and regulations on businesses not threatening them with more taxes, more regulations, more global warming laws, and telling them they are oppressing the working class, polluting, and gouging people etc.
All these environmental laws, taxes, regulations, and other laws (OSHA,affirmative action,), law suits from personal injury lawyers, unions etc have handicapped U.S. business.
China on the other hand gives away free land to manufacturers and asks them you need a road here and builds it for them.
The people and government in the U.S. should realize that private manufacturers and private businesses are what gives us standard of living and they should demonize them but attempt to attract businesses by lowering taxes and regulations.
Much like free-traders laugh at the utter inability of most protectionists to present their argument without setting up a strawman. It's as if they have intellectual penis-envy.