there’s a lot that went into it. cheaper labor, cheaper land, lower taxes, more support from the local governments, cheaper raw materials all combined to outweigh the logistical costs. There is one way to fix it, but we’ll never do it. APTT.
it seems you do not know.
I know you gave the reasons…which is basically Friedman economics…here is some of the details.: Those with the wealth, were able to increase their wealth, by promoting policy changes…creating a larger wealth gap.
the three decades following the Second World War saw a period of economic growth that was shared across the income distribution, but inequality in taxable income has increased substantially over the last four decades. This work seeks to quantify the scale of income gap created by rising inequality compared to a counterfactual in which growth was shared more broadly. We introduce a time-period agnostic and income-level agnostic measure of inequality that relates income growth to economic growth. This new metric can be applied over long stretches of time, applied to subgroups of interest, and easily calculated. We document the cumulative effect of four decades of income growth below the growth of per capita gross national income and estimate that aggregate income for the population below the 90th percentile over this time period would have been $2.5 trillion (67 percent) higher in 2018 had income growth since 1975 remained as equitable as it was in the first two post-War decades. From 1975 to 2018, the difference between the aggregate taxable income for those below the 90th percentile and the equitable growth counterfactual totals $47 trillion. We further explore trends in inequality by applying this metric within and across business cycles from 1975 to 2018 and also by demographic group.
What is APTT ?
that of course is opinion, not fact.
Those with wealth were able to increase their wealth because the stock market became more public. More people were investing than ever before through instruments that previously did not exist driving up the value of their investments (supply/demand).
Do you like your 401K? Money market account? Is purchasing company stock part of your employment benefits like it is for Walmart employees?
People amass wealth as they get older, typically their earning also go up. So yes, the gap is wider, if you progress through your life it will get wider, its just life.
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Yeah, Mexico is much better. Something like $5/hour. And their cost of living is about half ours. So…$10/hour I guess.
automated payments transaction tax.
I firmly believe its the only chance we have of ever regaining our lost manufacturing base and freeing this country from the tyranny of income taxes.
It’s a good idea to take a look at the 2022, 2023, and 2024 American Automobile Labeling Act reports aggregated here
Just to see how much you’ll get hosed in the shop or in the showroom, even if the vehicle never crosses a border.
Tarriffs are really going to suck for the people who have been stretching their vehicle ownership out, waiting for pandemic prices to abate.
Still blaming Reagan for everything…
Maybe not everything, but it was a revolution, was it not?
And yet . . . .
a lot of it seems to have happened all at one time.
I wonder, what could have happeened right about then that would impact industrial policy in a major way?
Company pensions were much more lucrative for wage earning employees than 401k accounts. 491k accounts have actually contributed to the increasing wealth gap.
Most laborers would have been better off with a pension than a 401k.
Even I, who have invested reasonably well, would have been better off.
And in a society whose transportation infrastructure has been firmly anchored to the automobile, a car is a necessity.
And more expensive vehicles will also have knock on effects on the economy far beyond the small share of GDP.
Trump supporters should be listening to Elon Musk…one thing he is being 100% truthful about is that Trump’s policies are going to be very painful.
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The last 4 years have been the most painful since Carter.
We should be much better off the next 4!
Not even close to the most painful since Carter.
And look…Trump now believes in economic extortion.
How dare other nations make their own currency decisions?
If the US Dollar is so mighty, why would nations look to move away from it?
I completely disagree with the second part.
We will not know at all where the economy is heading until we see the money supply (M2) back at normal levels, but I am very skeptical about the journey back to normal.
Of course you are skepical.
So are Bill Kristol and Liz Cheney. 
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How dare Trump for not being a sucker.
If you’re going to benefit from America market it’s only fair to trade in American dollars.
It’s like EU expansionism while wanting America defend that expansionism.
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LOL no.
I think the Fed has us in a big pot of ■■■■ and most of the candidates (including Donald Trump) did even not talk about the kind of spending cuts we will need to get us out of the trouble.
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I have faith that you will be. 
That is not the point of tariffs. That is the effect of tariffs. The point of tariffs is to pressure the exporter country to change their behavior and/or protect domestic producers.
