Thursday, April 21, 2011

Free trade helps the consumer in the U.S. while hurting the Labor Market

           Free trade is beneficial towards consumers because of cheap prices on goods that are made in foreign countries. While being beneficial to consumers it is actually hurting the labor market here because more jobs are going to these other countries. I still feel like it's our duty as a top economic power that we can afford to sacrifice these jobs in order to help out those countries who need it. Even if we kept these jobs american citizens wouldn't stand to work for a ridiculous amount of hours with wages of $4 a day. This would increase price of production greatly therefore increasing prices on goods greatly. I want my t-shirts to stay at an average price of 20-30$ and not be inflated to about $40-50$ just for the simple reason that it was made here. Consumers would also then consume less if prices were inflated which would hurt our economy because the key to growth in the market is the consumption of these goods. Stay CHEAP and consume more! :)

No comments:

Post a Comment