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The biggest reason why the U.S. economy sucks is that we're sending a huge amount of good paying jobs to countries like China or India where workers there gets pennies each day. You also have to account for foreign workers on H1-B visas that are underpaid compared to Americans. Lastly, illegals come here and drive down wages because they're willing to work for 2 bucks per hour.
So what's an American left to do? Remain unemployed and receive benefits or work for low wages and struggle to make ends meet. Stuff like this is how Trump won, and Americans are sick and tired of this happening. We are fighting back.
This isn't a Boomer thing. It's rich people getting stupid white trash to vote for tax cuts for rich people by using lunatic fringe issues like flag burning, school prayer, and abortion rights leaving no money for infrastructure projects. Look at the crazed "tax reform" bill in the news today.
It keeps getting worse not better. Time to blame Gen X! This is happening on *their* watch!
Remain unemployed and receive benefits or work for low wages and struggle to make ends meet. Stuff like this is how Trump won, and Americans are sick and tired of this happening. We are fighting back.
The trade deficit was and is the means, but not the cause.
Ya, everyone is fighting everyone else! People are scared, angry, and fed up, but they aren't focusing their attention in the right direction. Meanwhile the .01% keep on keeping on (and the POTUS is a card carrying member).
The biggest reason why the U.S. economy sucks is that we're sending a huge amount of good paying jobs to countries like China or India where workers there gets pennies each day. You also have to account for foreign workers on H1-B visas that are underpaid compared to Americans. Lastly, illegals come here and drive down wages because they're willing to work for 2 bucks per hour.
So what's an American left to do? Remain unemployed and receive benefits or work for low wages and struggle to make ends meet. Stuff like this is how Trump won, and Americans are sick and tired of this happening. We are fighting back.
it only sucks for poor people who cant afford things, guess what, it sucks to be poor in any country
people who think it is better being poor elsewhere are free to move but they know it isnt better
sole reason they think it is better is because they can take their american dollars with them and dont realize if they grew up in that countey they would not be any better off
all your talk about chinese manufacturing, that is what? 20% of their population or less doing that? if they count that as a good job, they dont think they would be one of five to get the job right? if they could, why cant they use that talent to get one of the top 20% of the US jobs? in fact one in five americans are doing well in the US
If I were king all the middle class would get 1/3 back on their OOP HC costs at the end of the year if they towed their medical line and did not overuse services.
The biggest reason why the U.S. economy sucks is that we're sending a huge amount of good paying jobs to countries like China or India where workers there gets pennies each day. You also have to account for foreign workers on H1-B visas that are underpaid compared to Americans. Lastly, illegals come here and drive down wages because they're willing to work for 2 bucks per hour.
So what's an American left to do? Remain unemployed and receive benefits or work for low wages and struggle to make ends meet. Stuff like this is how Trump won, and Americans are sick and tired of this happening. We are fighting back.
It certainly sucks for those workers displaced.
But we all get lower cost products and services as a result. Even those displaced.
We need to make it easier for those displaced to find work. Either in other local business/industry, or even move to other jobs or job training. Still not easy by any means. A central jobs creation program might put some to work. Funded centrally and managed locally, all communities have unmet needs.
The biggest reason why the U.S. economy sucks is that we're sending a huge amount of good paying jobs to countries like China or India where workers there gets pennies each day. You also have to account for foreign workers on H1-B visas that are underpaid compared to Americans. Lastly, illegals come here and drive down wages because they're willing to work for 2 bucks per hour.
So what's an American left to do? Remain unemployed and receive benefits or work for low wages and struggle to make ends meet. Stuff like this is how Trump won, and Americans are sick and tired of this happening. We are fighting back.
Trump wants to cut programs that help normal citizens and dump it all into the military. The last thing that we need is military expansion. If he were trying to reduce the deficit, that would be a conversation worth having. That isn't what is happening. He just wants to move money from things that help people to things that kill them. The United States needs to cease being the world's policeman, and concentrate on what we need to defend ourselves.
Several have commented that wars are not the reason for the state of the economy. There is no debating that wars, especially in the Middle East, have added tremendously to the federal deficit, and the area is still in turmoil. All that we accomplished is to remove a leader (in Iraq) and create a vacuum for fringe groups to rush to fill, while they continue to fight with each other. ISIS was in large part a reaction to American intervention in the region, so we have indirectly managed to create a new enemy. The Taliban is returning in Afghanistan, so we will probably get more involved there soon.
One thing that would help the economy tremendously, in my opinion, is to develop a national system of health insurance. I am not proposing a national health system like what the UK has, with the government actually operating hospitals and clinics, but rather a centralized system of payment. Divorcing insurance benefits from employment would remove the financial disincentive for employers to hire full-time employees, and it would reduce costs even if salaries remain level. There could also be negotiation with care providers and pharmaceutical companies, which would help to keep costs down and make sure that we get our money's worth, instead of the financial soaking that Americans currently get. For those who say that it would be too expensive, we are already paying for the uninsured, and a lot of the rest of what we are paying for health care is going to insurance company and pharmaceutical company coffers, and all sorts of peripheral expenses that have nothing to do with the actual delivery of care.
You said "all of the profits and most of the production no longer accrues to Americans."
In what capacity is the rate accelerating? In 1991, u.s world share of GDP was 25.89% when the u.s became the sole superpower. Today, it's 24.58%.
We still maintain an empire of over 800 foreign military bases, and more than 64 percent of foreign reserves are held in usd. In 1999, the year the Euro launched, it was 71%.
The us still maintains veto power votes in the imf and world bank. And politically in the UN.
It took 2 world wars to dislodge Britain, and the us economy had already passed them 50+ years before that (in the 1890s)
Now, non-Americans own 20% of that GDP. Of course, the only part that returns to non-Americans is the profit. That's $1 in every $5 that goes to another country instead of accruing to US citizens. If you believe that nation states will wither away and everyone will hold hands, speak the same language, and owe allegiance to multinationals, I suppose that's not a problem.
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