i am in canada and once the dollar started to drop most american companies around here that had outsourced labor here pulled out and relocated in places in the south mostly.
canada maintained a weak dollar policy to bring jobs here for years and now it looks like the US is doing the same.
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Originally Posted by Dcat
Traditionally that was true, but it won't work this time because the manufacturing base has been moved offshore. There are no jobs left at home. Globalization IS what is killing the USA.
If they wanted to bring jobs back home, they'd stop printing money, and immediately erect tariffs on imports from American companies. That would force American companies to bring jobs back home because it would no longer be so lucrative to use slave labor in foreign countries.
Also, in regards to dropping the value of dollar through "quantitative easing/printing money." That doesn't work because all the other countries around the World just devalue their currencies in unison to keep their imports cheap. It only results in a global "race to the bottom."
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