a good example in an excellent article (though long) that I would recomend to all who are truly interested in the topic under debate in this thread:
...service-oriented, in-person jobs of the sort that are really hard or impossible to outsource to China or India, where the cost of labor is low. Or to Germany, where the cost of labor is even lower. (That’s another one of those counterintuitive economics things: Germany and Japan have high wages, but the cost of labor is not wages, it is wages relative to output. A German factory worker may earn $80,000 a year while a Chinese factory worker earns $4,000, but if the German produces $1 million worth of BMW bumpers a year while the Chinese guy produces $10,000 worth of flip-flops, the German is cheaper: You’re paying him only 8 cents on the dollar, while you’re paying the Chinese 40 cents on the dollar. The German inexplicably does not feel exploited to make only one-fifth of what his coddled Developing World competitor earns. Strangely, the Chinese guy probably wishes he were exploited as ruthlessly as that poor German. Executive Summary: Economics is hard.)okay. so the plan is that we allow other countries to give us goods that actually cost more than what they are selling them for? And this is bad because..... we don't like having our standard of living raised?Sure, lower costing goods..but that is not all. Other countries also offer the same types of subsidies and grant monies that the US currently offers. With your plan they would have extra incentive to move outside the US than they currently have.