He needs to be careful with that. Supply-side economics worked great when e-commerce, tele-work, and easy outsourcing to foreign countries did not exist and transoceanic shipping was slow, risky, and expensive.
Now that only reason for a corporate decision maker to hire an American citizen is because there is literally no other choice, supply-side has led to wage stagnation and the current malaise.
“supply-side has led to wage stagnation and the current malaise.”
Dead wrong. Over-regulation, over-taxation, and the Invasion of the Border Crashers led to the current depression.
MOST people do not work for a Corporate decision maker.
Let small business compete, thrive and prosper.
Screw the Blind Internationalist bastards.
I agree this needs to be handled carefully. Tax cuts, without other sensible policies regarding off-shoring, reductions in regulations here, and so on will not be the same magic bullet it was in the 1980s.
I think that severe Federal regulations have more to do with outsourcing labor than supply-side economics. Moving a company outside the borders reflects poor tax policy. Outsourcing labor reflects excessive regulations, i.e. setting the minimum wage to $15.
Trans-oceanic shipping is still slow, risky and expensive. Remember the dock strikes this past winter? I had a customer shut down 55 days for a shipment, and when the container arrived everything inside was ruined. In many cases the cost of overseas procurement now exceeds domestic, but many in supply chain don’t look at the entire cost.