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I have pondered this a little, as to why this seems to be the route the administration is taking. The best explanation I've had is that Trump is taking a card from China's playbook.
Several years back, China weakened their currency with the goal of creating an environment that's more embracing to external companies wanting to setup manufacturing plants in their borders. With how this administration is speaking about boosting manufacturing, I can see these two narratives being in conjunction with one another. The problem I see here, though, is that those jobs were spurred on by lower wages as a result of that weaker currency, which I don't quite see as a goal the US should be striving towards.
Yes, given enough time, it'll pay itself back off, but this still seems like a subpar avenue, especially as one of those American workers that'll feel the impact. Whether that's truly the result or goal is anyone's guess, best I can do is speculate.
It's a goal if you're so fucking disgustingly rich you can buy a private island and haven't seen the poors since your office was close enough to them you could faintly make out a small dot.
Because you'll have enough wealth to survive the shit storm, and then there's nothing those dirty plebians can do to stop you from basically deciding how things run from now on in your little corner.
I'm making an assumption here that you aren't disgustingly rich and therefore the thought of "fuck 8 billion other people if I get mine" didn't come naturally to you.
I mean now is the time to unionize and group up. If people demand wage increases this whole strategy is undermined.
That's also a great way to lose your job for completely unrelated and absolutely not made up reasons, depending on your industry.
Edit for the downvoters:
https://www.bbc.com/news/articles/c9v10rr1meeo https://www.cbc.ca/news/canada/nova-scotia/union-files-labour-board-complaint-over-closure-of-ubisoft-s-halifax-studio-9.7044915
Also note I never said it was a bad idea, I'm in a union personally... I just said it's a great way to lose your job for completely unrelated and absolutely not made up reasons.
We are headed towards starvation wages, and homelessness if we don't unionize. The greed will destroy the economy before they even chisel us down that far directly. Capitalism doesn't work without a government putting controls on it. And we don't have that.
https://theanarchistlibrary.org/library/petr-kropotkin-the-conquest-of-bread
Inflation forces poverty upon those with the least wealth. They then become desperate and will be willing to do just about anything they're told by those with wealth, as long as they can get enough scraps to feed themselves.
Peasants by definition weren't voluntary labor. They were owned by whomever owned the land, on pain of death. Their kids as well. They started it in the late roman empire when the economy and currency collapsed and everyone was walking off of their jobs as they couldn't pay for life, couldn't pay for taxes let alone life. The empire wouldn't take their own worthless currency as taxes in the latter periods, and they had a seperate currency for the army and their civil service types. Demanding taxes in gold and silver bullion, or services in kind. It's a long story. But after that all the big landowners, many of which operated big slave farms already, turned their estates into walled castles and became lords. The federal power collapsed with barbarian invasions of horse tribes, and the population welcomed it to get rid of the federal power.
That's entirely dependant upon region and time period. The world is a big place with many forms of peasantry over the years. It's not a homogenous group with a singular definition. This is a demonstration of a common form to get across a particular point.
https://en.wikipedia.org/wiki/Peter_Kropotkin
Have a read of the author's life, he knows what he's talking about. Not some random schmuck.
You don't see it as a goal the US should be striving towards, but I doubt any good and sane person (ie. people who aren't conservatives) would see ICE kidnapping and murdering people as a goal to strive towards either, and yet…
You mean several decades ago, china started that back after Nixon was it normalized relations? Idk when they joined the wto. They've been undervaluing their currency to boost exports the entire time. Also exploiting their workers, polluting their country, and the like, and in exchange they've gotten western capital to build their factories to produce everything, and hand them the technology to do it. They gave those corporations 99 year leases, but could take them in an instant, giving them an ultimate veto over the US Government.