GreatestBanks wrote:Unnamed island state wrote:Protectionism hurts Dagmar's consumers.
Not necessarily. Manufacturing is the highest-paying job most people can obtain without a college degree, so if we allow our manufacturing to be outsourced via the liberalization of markets with developing nations, we are voluntarily destroying income. This destruction of income will hurt consumers more, as it will force them into low-paying, low-benefits jobs.
Our manufacturing? What manufacturing? I thought we were mostly agrarian nordic state shifting into a modern service society. Our strength is probably not manufacturing.
"Voluntarily destroying income." Lol. You know what is also destroying income? The rising prices caused by tariffs on their customers, which are primarily Dagmarians. What jobs? Our jobs that tariffs destroy? Please educate yourself first.
http://economics.about.com/cs/taxpolicy/a/tariffs_2.htm