Quote:
Originally Posted by The Yen Man
What's ironic is that, I'd argue no one has exploited the world of cheap labour MORE than the American consumer. Even within their own country, they exploit cheap labour through paying the non legal citizens below minimum rates.
Now Trump's policies are getting rid of the cheap labour within America and around the world, and bringing it back in house. Not only is he dismantling decades of expertise from abroad that probably make stuff better than Americans do, he's also going to have to pay this workforce more to make inferior products.
I don't see anyway this ends well for the US, to be honest. And they're going to drag the world down along with them.
But hey, I think this actually in the long run helps other countries wean itself off of American dependence, and strengthen ties with other countries.
The only scary thing is, I can see Trump using the misery of the American public as an excuse for war and invading other countries to secure cheap resources.
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I think that it is a play to squeeze out smaller businesses, they will be bought at minimum value and then he will change policies and it will go back to business as usual, with the big 4 reaping the profits.