President Obama's plan for a manufacturing revival has seen bipartisan support, but some economists are asking serious questions. Will more Americans on assembly lines stifle innovation? And can the U.S. compete with the lower wages and willing workers found overseas?
Jan. 27, 2012. This Global Ethics Corner slideshow is part of a weekly series from the Carnegie Council. To see all Global Ethics Corners, go to http://www.carnegiecouncil.org/resources/gec/index.html
BY making sure we define those things that are considered imports and exports we will be able to slap tariffs on goods coming from China or other countries to level the playing field. China has had it both ways for way too long all the while manipulating currency to make their good cheaper. This is economic assymetric warfare ladies and gentleman. Wars can be won without firing one bullet!!!
Spadadiforza 2 weeks ago
@schmoukiz You mean, higher tax rates on those who are shipping jobs over seas? Yea, what a horrible idea. I guess you and the GOP stand alone on this issue, becasue the wealthiest individuals in this country are calling for higher taxes and a return of the manufacturing base.
DontTreadOnMe213 3 weeks ago
Obama's high taxes are the last thing to help the industry. A balanced model of society, with medium and high skills jobs can only be attained by a return to the capitalist, small government society. Only the market knows best what is the ideal proportion at a given moment. State intervention is just missallocation of resources.
schmoukiz 3 weeks ago