Quote:
Originally Posted by ChinoCoug
Lost:
higher. you said yourself that we will gain from trade, and that both sides will benefit. how can our standard of living get lower?
you can't "average out" when both sides are going up.
trade will definitely affect the distribution of wealth in the US. due to globalization, median wages have remained stagnant while major gains have been made at the top.
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I guess I see a point eventually where the gains are being made by so few at the top compared with the rest of the country that the middle class is essentially wiped out.
Let me reiterate though: I beleive that a free market, with as little government intervention as possible, is best. It's just that I see a point of diminishing returns for the "common man." Again, where that point is, I do not know.