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Now here me out , our unemployment rate is very low at 3.9 percent, in fact our unemployment rate is actually lower than before the rise of China. Source
Okay so you might be asking well āChina only left us with low quality minimum wage jobsā but even that isnāt reflected in the data, in fact during 2022 the share of workers being paid minimum wage is 1.3 percent and during 2019 it was 1.9 percent. In fact during 1993 1 year before we signed NAFTA that number was an insane 6.7 percent. Source
And what about manufacturing jobs you may ask well that is a little bit more complicated, from what Iāve read the reason why we lost so many manufacturing jobs is actually because of automation, not necessarily the fault of China, in fact china has 100 million to 200 million workers in the industrial sector depending on how you count, thatās actually more manufacturing jobs that it could have steal from the U.S. itās impossible. Source
And what about the competition from imports, and here we have actually some academic studies that show that Chinese competition is harming some jobs in America, BUT the products that we export to China also helps more than enough to offset this effect, not to mention that due to how cheap some Chinese imports are it could help us free some capital to other things. Source
Also even if you believe that China is stealing our jobs and you believe that tariffs are going to help us, well just as Donald trump discovered the tariffs are just going to move manufacturing to Vietnam or India.
Well thatās all remember that you can reply with counters if you disagree with my post, your counter should have some source to back it up, the source should be preferably academic.
Also keep in mind that English is not my first language, so if you see some grammatical errors well thatās why.
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