How trade deficits reduce their nation’s annual GDPs and numbers of jobs.
Products imported from lesser wage nations, more than otherwise drags upon the importing nations’ GDPs and numbers of jobs.
Within USA’s market places, many types of goods that were previously produced in the USA are now rarely or never available due to the availability of similar and less expensive goods imported from lower wage nations.
USA enterprises’ production volumes of those goods have been severely reduced or effectively eliminated. Those enterprises’ technological expertise, production lines and specialized labor cannot be applied to “nearly” similar products, because in most such cases, production costs for anything similar, would for the same reasons be similarly unmarketable.
Among some such USA enterprises, there were those that also produced other products that they could continue to competitively market. But even among these sub-segments of USA goods producers, due to their lesser aggregate sales of products they made, many of those enterprises couldn’t continue as USA producer of goods.
The effects of annual trade deficits due to lesser priced imports cascade through to production supporting enterprises.
Producers of products usually require some goods or services from other enterprises. The reduced production of USA goods reduces the sales volumes of these USA production supporting enterprises. To the extent those production supporting enterprises were dependent upon customers detrimentally impacted by lesser cost imports, those enterprises in turn were similarly impacted.
Although USA purchasers immediately benefitted from lesser priced goods imported from lower wage nations, USA’s gross domestic product and numbers of jobs were reduced more than otherwise. The benefits of lesser priced imports do not fully compensate for USA’s lesser GDP and numbers of jobs effects upon our aggregate wage earning families. USA’s chronic annual trade deficits, (as does other nations’ annual trade deficits), drags upon their nations’ GDPs and numbers of jobs more than otherwise.
Annual trade deficits are always net detrimental to their nation’s economy.
Respectfully, Supposn
Products imported from lesser wage nations, more than otherwise drags upon the importing nations’ GDPs and numbers of jobs.
Within USA’s market places, many types of goods that were previously produced in the USA are now rarely or never available due to the availability of similar and less expensive goods imported from lower wage nations.
USA enterprises’ production volumes of those goods have been severely reduced or effectively eliminated. Those enterprises’ technological expertise, production lines and specialized labor cannot be applied to “nearly” similar products, because in most such cases, production costs for anything similar, would for the same reasons be similarly unmarketable.
Among some such USA enterprises, there were those that also produced other products that they could continue to competitively market. But even among these sub-segments of USA goods producers, due to their lesser aggregate sales of products they made, many of those enterprises couldn’t continue as USA producer of goods.
The effects of annual trade deficits due to lesser priced imports cascade through to production supporting enterprises.
Producers of products usually require some goods or services from other enterprises. The reduced production of USA goods reduces the sales volumes of these USA production supporting enterprises. To the extent those production supporting enterprises were dependent upon customers detrimentally impacted by lesser cost imports, those enterprises in turn were similarly impacted.
Although USA purchasers immediately benefitted from lesser priced goods imported from lower wage nations, USA’s gross domestic product and numbers of jobs were reduced more than otherwise. The benefits of lesser priced imports do not fully compensate for USA’s lesser GDP and numbers of jobs effects upon our aggregate wage earning families. USA’s chronic annual trade deficits, (as does other nations’ annual trade deficits), drags upon their nations’ GDPs and numbers of jobs more than otherwise.
Annual trade deficits are always net detrimental to their nation’s economy.
Respectfully, Supposn