But then again banks are stupid so let's be honest about that

what is the current bubble?

Student loans, possibly land again from what people are saying, there are issues with the medical system, you're heading into heavy protectionism

Yeah I'm not saying there is a bubble currently I'm just saying there will always be a correction at some point

Want to increase wages? Reform immigration and build the wall.

Which is basically the market equivalent of not vaccinating your kids

Protectionism only work so far though

/\

As much as we definitely need some form to protectionism

I'd say it harms, not even "only works so far"

I don't think it's harms when you have China that will does not follow any rules

How do US businesses compete better on a global market they aren't really part of?

Also how do us businesses compete in the global market where other governments subsidize the their business

well trade renegotiations might mitigate some of the issues

although i dont agree with the methods being used

For sure unilateral trade negotiations are the real answer not multinational trade deals

By lowering the cost of domestic business

The only way we can lower the cost of domestic businesses to automate

There are a lot of regulations in the US market

Alternatively we can have a premium product that competes well against other non-premium products

There are comparatively few in Mexico and China

right now in some regards the US is being taken advantage of in trade

Exactly

US also takes advantage in trade elsewhere

doesnt help that multi-national corporations arent restricted

And us businesses are basically competing against nation states

like AT ALL

yea thats why i said some

Like my employer WANTS to manufacture his product in the US but cannot afford it compared to China

the risk of getting it done in China is that the factories are STILL State owned

and therefor at any time said factory can be shut down

without warning

So one of the reasons he WANTS to manufacture US is because there is less risk of the factory suddenly shutting down

and he ideally wants to get people more jobs

Now ill admit that in the US we are largely service economy now so manufacturing is outsourced due to less employment demand for it

If the PRC had fair and even Minimum Wage laws and acted on the fairly, then the Cost of Manufacture in the PRC would be a lot higher, but still not the same as paying for US MW as your CoM.

only because our manufacturing was gutted because of cheap labor overseas and in mexico

however manufacturing will always exist in the US its just a matter of incentivizing business to use that service here

Yea we need to close some loop holes too

incentivize employment of americans

A lot of equipment I us is US produced, EG Benchmade knives, but they are more expensive than the overseas produced alternatives.