To: federal__reserve
If we go to protectionism, those 91% of people with jobs (9% unemployment) will experience a much lower standard of living. How would you like to pay $199.95 for a pair of sneakers and $89.99 for a cotton shirt sewn in NYC? I wouldnt[sic]That is such crap. This is the BS Free Traitors have been pedaling for years. The cost of labor in manufacturing is around 10%. So even if the shoes or whatever are made in the USA the MOST the price would go up is around 10% - AT THE MOST.
27 posted on
11/23/2011 3:44:35 PM PST by
central_va
( I won't be reconstructed and I do not give a damn.)
To: central_va
You are contradicting yourself. If labor is only 10% why is cheap foreign labor a problem in the first place? Chinese shoes should cost only 10% less according to your theory.
31 posted on
11/23/2011 7:54:43 PM PST by
federal__reserve
(What matters in 2012 is jobs, jobs, jobs! Jobs kill unemployment, foreclosures & deficits)
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