Friday, November 11, 2016

Economists elected Trump

               Image result for dollar bill flying off into the sunset
by The Urban Blabbermouth
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Many political experts have said that white people elected Donald Trump.  Well, they did vote for him but that missed the reason why white people voted for him.  I think the reason is the failure of economists.

Let's talk about jobs.  We all understand what can happen if we lose our jobs.   Where did the jobs go?  Well, Mr. Trump says that they went to Mexico and to China through various trade agreements like NAFTA.  He calls the trade agreements a disaster.  On the other hand, economists keep telling us that trade agreements are good for America.  Maybe so but economists have not shown us how. 

We can see the jobs going to Mexico or China and economists have no issue with that as they can see it too. But, how do economists explain that as beneficial?  Economists have said that the products made in Mexico or China come back to America and cost the American consumers less to buy.  The American consumers will have more money to spend on other things and that will create more jobs America.  That is how it is beneficial.  So, because I save at Home Depot on some pipes made in China, I can afford to take my kids to Disney World in Orlando and to stay in a Hilton hotel.  Disney World and Hilton hotel will now have more business and have more jobs.

Economists have failed to prove this point.  They cannot point to a job (maybe two or three more?) created in other parts of the America as a result of any job going to Mexico or China.  Without this direct link, how can we know that economists are telling us the truth.  It is just a theory.  The economists themselves still don't know if this is the truth.   Since economists cannot prove their theory, the white voters remembered the jobs going to Mexico or China and ignored the unproven parts.

A side thought.  Mr. Trump has said that illegal immigrants are taking jobs.  That is only a piece of this story.  At one time, factory jobs were well-paying jobs, say $25/hour, and the illegal immigrant had the $5/hour landscaping jobs.  The $25/hour jobs went to Mexico or China to become $5/hour jobs there.  American workers went looking for another job and found the $5/hour landscaping jobs already held by illegal immigrants.  So there arose the call that illegal immigrants are taking jobs from Americans.  The untold part of this story is that it was not an illegal immigrant who made the decision to send jobs Mexico or China, it was one of those corporate chieftains.  Direct your anger there.