william the wie
Gold Member
- Nov 18, 2009
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US has shed manufacturing jobs pretty much every month now.
The trade deficit looks pretty bad when it comes to manufacturing (overall it looks bad too).
Explain please?
Maybe some day it will come back, if china stops subsidizing the dollar. Most probably don't want that day ever to come though (most americans).
China does manipulate its currency to keep the yuan low and the dollar high but I wouldn't call that a subsidy. The Chinese economy will blow up the question is when not if. What happens then is anybody's guess but the automation of American and everyone else's manufacturing jobs will continue as it has since the 1700s. With better software and hardware service job automation will also increase. Less leverage and more diversification is the route to personal success.