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Showing posts with the label globalization

We are Heading for a Protectionist World - Tariffs Will Return!

More jobs for the US economy. Globalization has failed. Countries are distinct cultures. Working life may be the same, but the values people live by are much different, particularly in regards to religion. Jobs have been lost in developed countries as so called developing countries keep labor costs down by manipulating their currencies and not giving their workers social welfare support. Americans want jobs A case in point is Australia's compulsory superannuation. This was a silly idea to begin with as companies went to the wall and workers lost all their super. This is a cost burden on wage costs. Employees must live now, so wages rose to leave enough current spending after paying in superannuation. This is seldom mentioned by economists let alone governments. Developing countries do not have this cost burden. No wonder Donald Trump is supported by a large slice of the American population. He promises to put up trade barriers to create jobs at home. His re